Import & Export

► Export Letter of Credit

 An export letter of credit refers to a foreign bank undertaking issued on behalf of foreign importer. The issuing bank specifies all the requirements of its customer in the  letter of credit and undertakes to honor all drafts drawn in conformity to the credit terms and conditions

 ► Import Letter of Credit  

 A letter of credit is a commitment by the bank to pay the seller of goods or services of a certain sum provided the seller presents the documents specified in the terms  of the credit. 

 

 

 

 

Money Transfer

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Currency Rate Bank of Abyssinia

  Exchange Rate 

  Date May. 26, 2018

 

Currency Buying Selling
1 USD

27.2503

27.7953
1 EUR

31.9592

 32.5984
1 GBP 34.8514  35.5484
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