Dark
Light
Today: July 26, 2024

Ethiopia unveils new currency notes to curb financing of illicit activities

September 14, 2020

ADDIS ABABA, Sept. 14 (Xinhua) — The Ethiopian government on Monday revealed new currency notes in an effort to curb financing of illicit activities.

The announcement was made by the Ethiopian Prime Minister Abiy Ahmed on Monday as he noted that the East African country’s move in introducing the new currency notes is attributed to curb financing of illicit activities as well as corruption and contraband.

“Ethiopia today unveils new Birr notes for 10, 50 and 100 denominations, with introduction of a new Birr 200 note,” the Ethiopian Prime Minister said in a statement on Monday.

“Enhanced security features on the new notes will also cease counterfeit production,” Ahmed said.

The Ethiopian government also on Monday released pictures of the four new currency notes, each incorporating distinct features with due emphasis given to Ethiopia’s historical, cultural as well as natural endowments. Enditem

Leave a Reply

Your email address will not be published.

Ethiopia introduced new currency notes in an effort to curb corruption
Previous Story

Ethiopia introduced new currency notes in an effort to curb corruption

Next Story

The Grand Ethiopian Renaissance Dam and the failure of a transactional foreign policy

Latest from Blog

A New Approach for Lasting Peace in Sudan – OpEd

By Arlene Schar and Dr. David Leffler Despite ongoing efforts to resolve tensions and stabilize Sudan, longstanding divisive issues remain largely unresolved, and civil war persists. Achieving a sustainable and lasting peace remains
Go toTop