Ethiopia’s government has rolled out new banknotes with enhanced security features.
The new designs for the 10, 50 and 100 denominations were unveiled along with the introduction of a new 200 denomination note.
The bank notes according to Prime Minister Abiy Ahmed should help curb financing of illegal activities and corruption.
Mr Abiy said in a tweet that the new look banknotes that have enhanced security features will help combat production of counterfeit notes.
“The new notes will curb financing of illegal activities; corruption & contraband. Enhanced security features on the new notes will also cease counterfeit production.”
Ethiopia today unveils new Birr notes for 10, 50 & 100 denominations, with introduction of a new Birr 200 note. The new notes will curb financing of illegal activities; corruption & contraband. Enhanced security features on the new notes will also cease counterfeit production. pic.twitter.com/Di5WaFNyLm
— Abiy Ahmed Ali ?? (@AbiyAhmedAli) September 14, 2020
It is yet to be seen if the old notes will be withdrawn immediately from circulation with the introduction of the new ones.
Source: Africafeeds.com
