Can I transfer money in another currency?
Yes, most services allow you to transfer money in various currencies.
The exchange rate will be set by the service at the time of the transfer.
Will the recipient in Australia need identification to receive money from Ethiopia?
Yes. If you're sending money from Ethiopia to Australia for cash pickup, the recipient in Australia must show a valid ID and sometimes the transaction number. This helps ensure that money sent from Ethiopia is securely delivered in Australia.
Are there limits on how much I can send from Ethiopia to Australia?
Yes, most providers have limits on international transfers from Ethiopia to Australia. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Ethiopia to Australia may require identity verification or proof of source of funds.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
