Ethiopia: NBE Dispatches New One Birr Coins to Banks – Source Reporter

September 5th, 2010 Print Print Email Email

National Bank of Ethiopia (NBE) has dispatched to banks the new one-birr coins that are going to replace the current notes, whose circulation life is estimated to be no more than three years, according to news from the Reporter. The new coins are estimated to have circulation life of more than 20 years.

The Royal Canadian Mint (RCM), the company that won the official tender floated by the bank to make the coins, has delivered to the NBE more than 400 million one-birr coins, which are dealt out to the private and state-owned commercial banks in the course of the past ten days.

Sources told The Reporter that the 400 million one-birr coins cost the bank some 300 million birr, with the cost ratio of 75 cent apiece. However, the coins are not to be in circulations before the coming Ethiopian New Year.

The silver-color coin features a lion’s head on one side while the other depicts a scale. The lion’s head and the scale are imprinted in a golden color with silver sidelines completing the appearance.

National Bank of Ethiopia (NBE) has dispatched to banks the new one-birr coins that are going to replace the current notes, whose circulation life is estimated to be no more than three years, according to news from the Reporter. The new coins are estimated to have circulation life of more than 20 years.

The Royal Canadian Mint (RCM), the company that won the official tender floated by the bank to make the coins, has delivered to the NBE more than 400 million one-birr coins, which are dealt out to the private and state-owned commercial banks in the course of the past ten days.

Sources told The Reporter that the 400 million one-birr coins cost the bank some 300 million birr, with the cost ratio of 75 cent apiece. However, the coins are not to be in circulations before the coming Ethiopian New Year.

The silver-color coin features a lion’s head on one side while the other depicts a scale. The lion’s head and the scale are imprinted in a golden color with silver sidelines completing the appearance.

  1. ጎርፉ
    | #1

    ለባላገሩ እፎዪታ ነው መክኒያቱን ብሩ በአዪጥ ከመበላት ያድነዋል. ለከተማው ደግሞ ትልቅ የራስምታት ነው የሚሆነዉ የ ሃያ ብር ቆርቆሮ ምን ያል እንደሚከብድ ልብበሉ የብር ከአንድ ሰው እጅ ወጥቶ ወደሌላው በከተማው ፈጣን እንቅስቃሴ ሲኖረው በገጠሩ ዝግ ያለ እንቅስቃሴ ነው ያለው በገጥሩ እቃ በቃ መለዋወጥ የተለመደ ስልሆነ ህዝቡ ወደ እቃ በቃ የመለዋወጥ እንዲግባ ስለሚገደድ የብር እንቅስቃሴ የበለጠ ዝግ ያለ ነው የሚሆነው ዪሀም እንኩዋን ዘንቦብሽ ምንጊዜም ጭቃ ነሽ እንዲሉ የምጣኔ ሃብት ዉድቀቱ ከፍያለ ዪላል ህይወት የበለጠ ሲኦል ነው የሚሆነው በኢትዮጵያ የብርና የናቅፋ ዋጋ እኩል ለኩል ስለሚሆን ለገሰ ዜናዊ የናት አገር ተልኮውን በደንብ እየተወጣ ነው ለኢቶጵያውያን (ትግራዪን አይጨምርም)የሚብጀው ቀበቶ ጠበቅ አድርጎ ለወደፊቱ የመራራ ትግል መዘጋጀ ብቻ ነው እንደነዝያ የበተመንግስት ዉሻወች ሰላመያሉ ወድያ ወዲህ ቢሉ ፋይዳ እንደለለው ከአሁኑ መረዳት ዪገባናል ተመልከቱIMF ተፍነከነከ IMF ከተፈጠረ ጀምሮ የሶስተኛው ኣለም ወደሁዋላ ከመሄድ በስተቀር አንድም እድገት አላየንም

  2. samsom
    | #2

    nakifa, 13 nikifa = 1 dollar
    Birr, 20.30 birr = 1 dollar

    were is the beef. were is weyane economic growth 11%
    wake up, lets fight weyane from all direction.
    they are here to destroy us.

    majority of tegaru are against weyane adawan regime.
    we, tegaru fighting side by side with ethiopian to defeat this evil regime
    he is killing us tegaru by one as we speak.
    even TPLF are divided and fighting each other behind close door
    fact

    Video: TPDM makes a surprise attack on Woyane’s army

    http://www.eastafro.com/Post/2010/09/10/tpdm-makes-a-surprise-attack-on-woyane%e2%80%99s-army

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