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Why Most Ethiopians Abroad Still Avoid Banks to Send Money Home

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Despite floating the Birr, Ethiopia’s formal remittance system remains underutilized. For undocumented migrants and low-wage workers abroad, informal channels endure as a viable option.

June 14, 2025
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Daniel Metaferiya

Addis Ababa, Ethiopia

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Daniel Metaferiya

Daniel Metaferiya is a writer, journalist and radio host, with a keen interest in technology. He follows developments in Ethiopia's startup ecosystem closely and is passionate about profiling unique MSMEs.

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