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The birr (Amharic: ብር) is the primary unit of currency in Ethiopia.It is subdivided into 100 santims.. In 1931, Emperor Haile Selassie formally requested that the international community use the name Ethiopia (as it had already been known internally for at least 1,600 years [2]) instead of the exonym Abyssinia, and the issuing Bank of Abyssinia also became the Bank of Ethiopia.
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
On 15 March 2024, the Commercial Bank of Ethiopia (CBE) reported having glitching issues between 12 a.m. and 3 a.m. Customers were able to withdraw large amounts of cash (more than 8 million dollars) not deposited in their accounts, and were able to make unlimited ATM withdrawals. After circulated in social media, CBE released five notes within ...
The Commercial Bank of Ethiopia Headquarters is a skyscraper in Addis Ababa, Ethiopia that was completed on 13 February 2022 and became the tallest building in Ethiopia. It serves as the headquarters of the state-owned Commercial Bank of Ethiopia, the country's largest bank. It also is the tallest building in all of East Africa.
At least 100 people, including students, were kidnapped for ransom last week in Ethiopia's restive regions that have seen sporadic fighting since the end of the civil war in Tigray, the U.S ...
The First Five-Year Plan involved a total investment of about 839.6 million birr, 25% above the projected 674 million birr, the Second Five-Year Plan was 13% higher than planned at 1,694 million birr, and the Third Five-Year Plan was estimated to cost 3,115 million birr. There were numerous issues including deficient national development ...
Although generally described as Ethiopian, mesob baskets belong to a larger tradition of Harari basketry. A mesob is depicted on the 10 birr note. Mesob baskets are used in funeral ceremonies to support family of the deceased person and the baskets are widely viewed as a symbolical representation of Ethiopian and Eritrean culture and their cuisine. [4]
There have been three major forces involved in the evolution of media in Ethiopia: (1) the need to communicate information about Ethiopia to the external world in order to create an international awareness of Ethiopia and its leaders, (2) the need for internal communication to provide information and to develop a sense of national identity and, later (3) the need to utilize media for education ...