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Ethiopia's New Banknotes Will Stem Illicit Flows - Expert

The government has released new currency notes with enhanced security features that should make them harder to counterfeit, according to business lecturer at Addis Ababa University, Mukemil Bedru. When introducing the notes Prime Minister Abiy Ahmed said that while the country recovers from a recession, and higher inflation, the large amounts of money circulating outside banks exacerbated the problem. Besides replacing the old 10, 50 and 100 Birr notes, a new 200 Birr note is being introduced.

Ethiopia: The Pros and Cons of the Currency Change

Ethiopian Herald, 4 October 2020

The government announced (September 4, 2020) that the currency notes that are now in use will be shortly replaced by new currency notes and a new 200- Birr banknote will also be… Read more »
Ethiopia: Economic and Political Implications of the Currency Note Change

Ethiopian Herald, 24 September 2020

With a bid to curb and control contraband and corruption and desert support for illegal activities and illicit money trafficking, the government has introduced a new currency note… Read more »
Ethiopia: Containing Inflation Requires Thorough Economic Intervention

Ethiopian Herald, 18 September 2020

Redressing the double digit inflation rate needs to receive due attention as it continues to impact the entire economy, said Alemayehu Geda, who is a professor of economics at AAU. Read more »
Ethiopia: Currency Changes Are Useful - Economist

Ethiopian Herald, 16 September 2020

Economic experts have stated that the measure the Ethiopian Government has taken to alter the existing Birr note is a plausible hedge to the myriads of problems and helps the… Read more »