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🇪🇹 Silver Price Today in Ethiopia | Br4,075.68
Live silver price in Ethiopian Birr (ETB) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (ETB)
Br131.0361
Per Troy Oz (ETB)
Br4,075.68
Per Kg (ETB)
Br131,036
USD/Silver Spot
$72.78/oz
USD/ETB Rate
1 USD = 56 ETB
Gold/Silver Ratio
62.0:1
Silver Market in Ethiopia
Ethiopia is one of Africa's emerging silver producers, with production growing from artisanal sources in regions like Oromia. The National Bank of Ethiopia purchases silver from licensed producers and incorporates it into official reserves. The Ethiopian birr underwent significant devaluation in 2024 as part of IMF-supported economic reform.
Why do people in Ethiopia invest in silver?
Ethiopia's 2024 currency liberalization — which saw the birr devalue sharply — drove increased interest in silver as a store of value. With approximately 130 million people and a rapidly growing economy, Ethiopia's silver investment market is nascent but growing. The National Bank's silver-buying program provides a formal outlet for domestically mined silver.
Frequently Asked Questions — Silver in Ethiopia
What is the silver price today in Ethiopia in birr?
Ethiopian silver prices in ETB reflect the international USD spot price converted at the National Bank of Ethiopia's official exchange rate, which moved significantly following the 2024 liberalization.
How did Ethiopia's currency reform affect silver demand?
Ethiopia's 2024 IMF-backed reform moved the birr from a fixed rate to a managed float, resulting in immediate devaluation of approximately 30-40%. This created strong demand for silver as Ethiopians sought to protect savings from currency erosion.
Does Ethiopia produce silver?
Yes. Ethiopia produces silver primarily through artisanal and small-scale miners in Oromia, Benishangul-Gumuz, and other regions. Production is growing but remains relatively modest compared to West and Central African producers.
What is Ethiopia's role in silver trade?
The National Bank of Ethiopia operates a formal silver-buying program to consolidate domestic production into official reserves. Ethiopia aspires to become a more significant silver producer and exporter, with several international mining companies exploring deposits.