Convert Saudi Riyal to Ethiopian Birr
Please provide values below to convert Saudi Riyal [SAR] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Saudi Riyal.
How to Convert Saudi Riyal to Ethiopian Birr
1 SAR = 0.0274449417874488 ETB
Example: convert 15 SAR to ETB:
15 SAR = 15 × 0.0274449417874488 ETB = 0.411674126811732 ETB
Saudi Riyal to Ethiopian Birr Conversion Table
| Saudi Riyal | Ethiopian Birr |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.