{"id":30322,"date":"2020-09-14T16:07:56","date_gmt":"2020-09-14T16:07:56","guid":{"rendered":"https:\/\/banknotenews.com\/?p=30322"},"modified":"2020-09-26T16:20:26","modified_gmt":"2020-09-26T16:20:26","slug":"ethiopia-unveils-new-10-50-100-and-200-birr-notes-b335a-b338a","status":"publish","type":"post","link":"https:\/\/banknotenews.com\/?p=30322","title":{"rendered":"Ethiopia unveils new 10-, 50-, 100-, and 200-birr notes (B335a – B338a)"},"content":{"rendered":"\n

According to a press release<\/a>, on 14 September 2020, the National Bank of Ethiopia introduced new 10-, 50-, and 100-birr notes which are like the preceding issues, but with new color schemes and enhanced security features. The preceding issues will circulate in parallel for a period of three months, after which time they will be demonetized. Additionally, a new 200-birr note has been issued for the first time to meet the demand for larger denominations due to inflation. The 5-birr note will be replaced by a coin soon. Ethiopia has spent 3.7 billion birrs (US$101.2 million) to print the new currency.<\/p>\n\n\n\n

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According to a press release, \u201cthe currency change is aimed at gathering currency circulating informally and outside of financial institutions; curb corruption and contraband and support financial institutions confront currency shortage.\u201d<\/p>\n\n\n\n

While Ethiopia has never had a symbol to represent its currency, a new symbol has been designed and will be soon unveiled to symbolize the birr.<\/p>\n\n\n\n

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