The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new currencies notes since the country began replacing the old currency with the new ones. Governor of the Bank, Yinager Desse (PhD) stated that all the ….bank branches in the country have received the new currency notes. “Based on the data we have two days ago, we have managed to distribute around 96 billion Birr of the new currencies in all parts of the country,” Governor Yinager said. So far a total of 920 new bank accounts are opened with total value of 31 billion Birr deposits since the country launched replacing the old currency notes with the new ones. It is expected that replacing the old currency notes of Ethiopia with the new ones will be concluded after two months.

Source: News Business Ethiopia October 17, 2020 08:03 UTC