Addis Ababa October 16/2020 (ENA) Nationwide Financial institution of Ethiopia introduced at this time that individuals who carry over 100,000 Birr outdated notes in money will probably be confiscated because the deadline for altering the notes expires tomorrow. Nationwide Financial institution Governor, Yinager Dessie instructed journalists at this time that it’s nevertheless authorized to change money lower than 100,000 Birr notes after tomorrow.
Based on him, the deadline for changing outdated 100,000 to 1.5 million Birr notes has expired.
The deadline which was set to alter money from 100,000 to 1.5 million Birr is not going to be prolonged, the governor mentioned.
He additional identified that the outdated Birr notes lower than 100,000 birr will proceed to be modified for 2 months; however the deadline could also be shortened based mostly on the efficiency.
The governor underlined that the Financial institution will proceed to work exhausting to transform the cash within the arms of farmers and pastoralists.