Friday, January 27, 2012

Birritu Express - Online Money Exchange Service

Tadias reports:
Birritu Express was created by Ethiopians to meet the specific needs of the global Ethiopian community “It is designed to be the most inexpensive, convenient and secure way to transfer funds to Ethiopia from abroad.”
The Ethiopian Diaspora’s annual income is estimated to be tens of billions of dollars , about equal to Ethiopia’s gross domestic product, according to Precise Consult International, organizers of The World Bank and USAID backed annual Ethiopian Diaspora business conference. Crude calculations using remittance figures ($1.1 billion in the first 9 months of 2006 & 2007 alone) show that the gross income of Ethiopians in the Diaspora is in the range of 10-20 billion dollars per year, roughly equal to the home country’s GDP of $13 billion in 2006.
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