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.
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.
Is it safe to send money from Ethiopia to Brazil through online services?
Yes, it is generally safe to send money online from Ethiopia to Brazil using trusted international platforms. Look for services with encryption, customer support, and regulatory licenses in both Ethiopia and Brazil to ensure your transfer is secure.
Do I need a bank account in Ethiopia to send money to Brazil?
Not necessarily. Many international services operating in Ethiopia offer cash transfers to Brazil, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Ethiopia to Brazil, an account will be required.
