Ethiopia launches new high-denomination banknote
New 200 birr note aims to curb inflation and corruption, central bank says, as Covid-19 slows growth
The National Bank of Ethiopia will launch a new high-denomination banknote, saying it aims to stem rising inflation, hoarding and corruption.
The central bank says it will issue the 200 birr note, worth approximately $5.47, as part of a new series. The series will also feature new versions of notes for the existing 10, 50 and 100 birr denominations. The current 5 birr banknote will remain in circulation, but the central bank said it aims to replace it with a coin “soon”.
“The currency change
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