The Commercial Bank of Ethiopia (CBE) Addis Ababa Branch officially started converting existing Birr today.
The Governor of the National Bank of Ethiopia, Dr. Yinager Dessie, and the President of the Commercial Bank of Ethiopia, Abe Sano, have launched a new birr note in Addis Ababa.
They also became the first to use the new birr notes.
The Governor of the National Bank of Ethiopia, Dr. Yinager Dessie, said the distribution of new Birr notes will begin in a few days.
Dr. Yiger added that they are happy that the process of converting the new birr notes has been completed and started today.
President of the Commercial Bank of Ethiopia, Abe Sano, on his part, urged the public to facilitate the process of converting the old birr and converting it into new birr notes. He also said that a user who wants to exchange more than 5,000 birr will have to open a new bank account if he does not have one.