Ethiopia issues new banknotes

The National Bank of Ethiopia has issued new 10-, 50-, 100- and 200-birr banknotes. The 5-birr note will be replaced by a coin. "The currency change is aimed at gathering currency circulating informally and outside of financial institutions; curb corruption and contraband and support financial institutions confront currency shortage."

ANother interesting piece from the press release: "While Ethiopia has never had a symbol to represent its currency, a new symbol has been designed and will be soon unveiled to symbolize the Birr."




Steven Sunday 15 November 2020 at 7:27 pm | | news
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