Bitcoin.com
2020-09-17 21:15:38

Inflation Hit Ethiopia Demonetizes Currency To Curb Cash Hoarding

The Ethiopian government has unveiled a new set of banknotes that are expected to help authorities in curbing cash hoarding, illegal trade and illicit financial flows. The move is also aimed at boosting the liquidity of banks that are struggling to cope with Ethiopia’s cash-based economy. In a statement released via Twitter on September 14, […]The post Inflation Hit Ethiopia Demonetizes Currency To Curb Cash Hoarding appeared first on Bitcoin News.

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