And seems that the government is achieving the goals based on reports from the governor of the Ethiopian National Bank Yinager Dessie. He told state media, Ethiopian Broadcasting Corporation (EBC), on Saturday that 14 billion Ethiopian birr (of the old banknotes) have been deposited to different banks in the first 14 days after the introduction of the changes. Government tends to see it as a success story from the point of view of one of the objectives of banknote changes. He also said that 580 thousand Ethiopians opened new bank accounts which the government sees as another success of the introduced changes which was also intended to enhance accessibility to banking services. The Ethiopian government has announced a three months time frame to finalize the exchange of old banknotes with new ones.

Source: Ethiopian News October 03, 2020 12:33 UTC