Silver price in Ethiopian Birr (ETB) — Ethiopia
Today, 999 fine silver costs about 382.57 ETB per gram in Ethiopia — roughly 11,899 ETB per troy ounce and 382,570 ETB per kilogram. Prices come from the global XAG/USD spot rate, converted into Ethiopian Birr at Ethiopia's parallel-market exchange rate.
How the silver price in ETB is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Ethiopian Birr, we convert the spot price to a per-gram figure, apply the purity factor, and convert to ETB at Ethiopia's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official National Bank of Ethiopia (NBE) rate.
Silver units and purities (gram, ounce, kilogram)
One troy ounce equals 31.1035 grams and one kilogram is 1,000 grams, so the per-ounce price is the per-gram price times 31.1035, and the per-kilo price is times 1,000. Purity is given in thousandths: 999 is fine (investment) silver, 925 is sterling, 900 and 800 are common in coins. A 925 piece is worth about 92.5% of the 999 price for the same weight.
Why silver prices follow the parallel market in Ethiopia
After years of tight controls, Ethiopia floated the birr in 2024, yet a gap between bank and street rates persists wherever dollars stay scarce. Like gold, silver is a dollar-priced store of value, so its ETB price climbs as the parallel rate weakens. Tracking silver in Ethiopian Birr gives a low-cost read on the same currency pressures that move gold and the street dollar.