Ethiopia: New Banknotes - Golden Opportunity to Increase Liquidity

The issuance of new currency would increase the liquidity of the banks that have been suffering from cash shortage said economists.

Economist Teke Alem (PhD) told The Ethiopian Herald that the ongoing exchange of old Ethiopian currency by the new ones will for sure increase the bank's cash reserves and deposit. "This in turn will also create ample investment opportunities as banks will be in good financial health and capable of lending the desired amount of money to the investors."

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