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The National Bank of Ethiopia (NBE) has again reduced the amount of money that can be taken out of the bank
Ahadu TV has learned that the bank has been amending its directives on this and similar issues since yesterday, February 29, and that the amount of money that can be withdrawn outside the bank has been reduced to 200,000 birr for companies and 100,000 birr for individuals.
This is the second time in six months that the bank has issued a directive limiting the amount. The directive issued six months ago and is still in effect is estimated to be 1.5 million birr.
The Deputy Governor and Chief Economist of the Bank:
First of all, the same limitation is a system that has no place in the world and is irrelevant. He told the unit that the money was a national asset and should be deposited in a bank.
Similarly, the way in which Diaspora account holders are involved in the import business has also been improved. Accordingly, it is stated that there will be some foreign exchange supply in the sectors that the bank has selected to give priority to these same customers who can participate in importing.
According to the Deputy Governor of the Bank, the directive needs to be amended to focus only on raw materials, medicines and other essential food items.