The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said. He made the statement on Sunday indicating that all the paper 5 Birr, 10 Birr, 50 Birr and 100 Birr notes will be replaced with new notes. “Ethiopia today unveils new Birr notes for 10, 50 & 100 denominations, with introduction of a new Birr 200 note. A few months ago Bankers Association of Ethiopia indicated that over 80 billion Birr notes are being circulated out of the banking system of Ethiopia. He also indicated that some local banks are being engaged in circulation of illegally printed (forged) Ethiopia Birr notes.

Source: Ethiopian News September 14, 2020 07:18 UTC