“We were told to drop the old currency (notes) in the bank and that new one is coming,” she said. Everything is just tough.”Customers are waiting all day at banks and ATMs to withdraw only enough money — called naira — to last a day. Fights have broken out in bank halls, angry customers have attacked workers and protesters have set financial institutions on fire. Businesses unable carry out transactions have been forced to close, and people are illegally selling new currency notes at higher rates. As people become more desperate for cash, the impact is likely to spill into the Feb. 25 presidential election.
Source: Ethiopian News February 19, 2023 01:03 UTC