Ethiopia introduces new currency

Ethiopia today unveils new Birr notes for Birr 10, 50 & 100 denominations, with an additional introduction of a new Birr 200 note. PM Abiy Ahmed posted on his Facebook page “The new notes will curb financing of illegal activities; corruption and contraband. Enhanced security features on the new notes will also cease counterfeit production.” Abiy added that enhanced security features on the new notes will also cease counterfeit production. Ethiopians have a three-month window within which they will be able to exchange old currency notes for new ones from the banks after the government demonetized its currency.