Question 1

What is the "ATM Card Skimming" scam in Addis Ababa?

Accepted Answer

Scammers approach tourists at ATMs near major hotels (Sheraton, Hilton, Hyatt Regency) claiming to help them avoid local bank fees. Their actual goal is to skim the card with a hidden device and memorize the PIN for later use. Never accept help from strangers at ATMs. Cover the keypad with your other hand when entering your PIN. Use ATMs inside bank branches rather than standalone machines on the street. Check your account statements regularly for unauthorized charges.

Question 2

What is the "Currency Exchange Fraud" scam in Addis Ababa?

Accepted Answer

Street money changers around Meskel Square and Mercato offer to exchange currency at rates above the bank rate. They hand over counterfeit or devalued bills, or use sleight of hand to reduce the amount given during counting. Exchange money only at licensed bank branches or your hotel. The official rate is set by the National Bank of Ethiopia — any offer significantly above that rate is a scam. Inspect every note before accepting and count the full amount in front of the changer.

Money & ATM Scams in Addis Ababa

ATM Card Skimming

Currency Exchange Fraud

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