cbe

USD
57.4395
58.5883
,
GBP
71.4592
72.8884
,
EUR
62.7929
64.0488
,
CHF
61.7733
63.0088
,
SEK
4.9426
5.0415
,
NOK
4.8382
4.935
,
DKK
7.6177
7.7701
,
DJF
,
JPY
0.3318
0.3384
,
CAD
38.0352
38.7959
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353
,
XAF
0.012
0.0122
,
INR
,
KES
,
AUD
35.0416
35.7424
,
SDR
,
ZAR
,
CNY
7.1607
7.3039
,
KWD
179.4572
183.0463

awash

USD
57.4395
58.5883
,
EUR
62.7929
64.0488
,
GBP
71.4592
72.8884
,
CHF
61.7733
63.0088
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353
,
CAD
38.0352
38.7959

abyssinia

GBP
71.4592
72.8884
,
CHF
61.7733
63.0088
,
EUR
62.7929
64.0488
,
USD
57.4395
58.5883
,
CAD
38.0352
38.7959
,
AED
14.1523
14.4353
,
SAR
13.8591
14.1363
,
SEK
4.9426
5.0415
,
NOK
4.8382
4.935

abay

USD
55.8018
56.9178
,
EUR
60.0874
61.2891
,
GBP
70.1819
71.5855
,
CHF
63.3607
64.6279
,
AUD
36.5948
37.3267
,
AED
15.1953
15.4992
,
CNY
7.775
7.9305
,
DKK
8.059
8.2202
,
DJF
0.3125
0.3188
,
INR
0.6691
0.6825
,
JPY
0.3816
0.3892
,
KES
0.3636
0.3709
,
NOK
5.1001
5.2021
,
SAR
14.8773
15.1748
,
ZAR
2.919
2.9774
,
SEK
5.3255
5.432
,
SDR
74.1829
75.6666

zemen

CAD
42.1542
42.9973
,
EUR
62.5113
63.7615
,
GBP
74.3797
75.8673
,
SEK
5.4388
5.5476
,
USD
57.4183
58.5667

buna

nib

GBP
71.4592
72.8884
,
EUR
62.7929
64.0488
,
CHF
61.7733
63.0088
,
USD
57.4395
58.5883
,
CAD
38.0352
38.7959
,
AED
14.1523
14.4353
,
SAR
13.8591
14.1363

berhan

wegagen

USD
57.212
58.3562
,
GBP
69.2475
70.6325
,
EURO
61.1024
62.3244
,
CAD
37.593
38.3449
,
AUD
34.1883
34.8721
,
CHF
61.2047
62.4288
,
SEK
4.901
4.999
,
NOK
4.8468
4.9437
,
DKK
7.4131
7.5614
,
DJF
0.2862
0.3268
,
INR
0.6848
0.6985
,
KSH
0.4418
0.4506
,
JPY
0.329
0.3356
,
SAR
13.7998
14.0758
,
AED
14.0958
14.3777
,
ZAR
3.1723
3.2357
,
CNY
7.1366
7.2793
,
KWD
178.0416
181.6024

dgb

USD
57.3597
58.5069
,
GBP
72.864
74.3213
,
EUR
61.7248
62.9593
,
CHF
63.4931
64.763
,
CAD
41.9265
42.765

enat

USD
57.2406
58.3854
,
GBP
72.5868
74.0385
,
CHF
64.4819
65.7715
,
SEK
5.1879
5.2917
,
NOK
5.1733
5.2768
,
DKK
8.1014
8.2634
,
KES
0.4271
0.4356
,
JPY
0.3673
0.3746
,
DJF
0.3181
0.3245
,
CAD
41.1312
41.9538
,
AUD
36.4897
37.2195
,
SAR
15.1424
15.4452
,
AED
15.5162
15.8261
,
ZAR
2.9861
3.0458
,
CNY
7.846
8.0029

addis

nbe

USD
57.4395
58.0139
,
GBP
74.8264
74.8552
,
CHF
64.6841
64.7133
,
SEK
5.4614
5.4629
,
NOK
5.3461
5.3473
,
DKK
8.4174
8.418
,
DJF
0.3217
0.3235
,
INR
0.6874
0.6878
,
KES
0.4393
0.4427
,
JPY
0.3667
0.3667
,
CAD
42.0279
42.031
,
AUD
38.72
38.7487
,
SAR
15.3139
15.3147
,
AED
15.6379
15.6387
,
EUR
62.7929
62.7986
,
XDR
76.1763
76.1763
,
ZAR
3.1622
3.1629
,
CNY
7.9124
7.9144
,
KWD
187.9133
188.0339

dashen

USD
57.4395
58.5883
,
GBP
71.4592
72.8884
,
CHF
61.7733
63.0088
,
SEK
4.9426
5.0415
,
NOK
4.8382
4.935
,
DKK
7.6177
7.7701
,
JPY
0.3318
0.3384
,
CAD
38.0352
38.7959
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353
,
EUR
62.7929
64.0488
,
DJF
,
INR
,
KES
,
AUD
35.0416
35.7424
,
ZAR
,
CNY
7.1607
7.3039
,
KWD
179.4572
183.0463
,
AED

oromia

USD
57.4344
58.5831
,
GBP
74.4809
75.9705
,
EUR
62.6035
63.8556
,
CHF
64.1367
65.4194
,
SAR
15.3126
15.6189
,
AED
15.6365
15.9492

lion

coop

USD
57.4344
58.5831
,
GBP
74.4809
75.9705
,
EUR
62.6035
63.8556
,
SAR
15.3126
15.6189
,
AED
15.6365
15.9492

gadaa

USD
57.3701
58.5175
,
GBP
69.8498
71.2468
,
EUR
61.9425
63.1814
,
AED
14.1352
14.4179
,
SAR
13.8402
14.117
,
CHF
60.8558
62.0729

hijra

EUR
48
45
,
USD
52.46
62.82
,
GBP
96.55
101.88
,
AED
59.75
63.41
,
KWD
30
25
,
SAR
23
20

amhara

tsehay

USD
57.4395
58.5883
,
GBP
71.4592
72.8884
,
EUR
62.7929
64.0488
,
CAD
38.0352
38.7959
,
SAR
13.8591
14.1363
,
AED
14.1523
14.4353

tsedey

USD
57.4395
58.5883
,
EUR
62.7929
64.0488
,
GBP
71.4592
72.8884
,
AED
14.1523
14.4353

National Bank statement about Banks having shortage of cash

cash shortage

It is pointed out that the supply and demand of the financial sector is not balanced. And that there has been an ongoing public talk that Ethiopian Banks are having a shortage of cash , The National Bank gave a replay for this saying that Except for one bank, all the other commercial banks do not have a shortage of cash

As the Deputy Governor said at the East African Financial Summit (Summit) which is being held today for the sixth time at Skylight Hotel in Ethiopia, “If there is a shortage of money, it is in two or one bank.” Mr. Solomon pointed out that there is a shortage of cash and did not want to mention the name of the bank that needs adjustment in the management.

Although the deputy governor said that there is no shortage of cash, as the country has come out of many things, there is a lot of demand for money. Therefore, it will not be easy for Ethiopia to provide what is needed to move the economy at the same time, and the financial sector is not in balance with the supply and demand, he suggested that there is a problem.

The East African Financial Summit (Summit) is being held for the sixth time at the Skylight Hotel in Ethiopia, and the summit was attended by accountants, insurers, experts, and managers of financial institutions and technology providers.

 

Banks’ strategy to get past the shortage of cash problem

 

On the other hand, It has been recently stated that banks in Ethiopia that are in financial shortage have started collecting savings with high interest

In the past few months, there have been obvious signs that Banks were having a shortage of cash, and now private banks that have been in financial shortage are offering high-interest rates to customers who can deposit large amounts of money in fixed-time deposits to increase their savings and get enough working capital.

The report said that the fixed-time deposit is a practice in which bank customers agree not to move their money for three months or more, and for this agreement, they get a high-interest rate from the banks.

Individuals who can save large sums of money participate in this type of savings.

In previous times, for customers who save in this way, banks used to charge up to 14% interest even if it was higher than 12%. But now Banks have started paying interest from 16% to 18.5% for customers who deposit money within the time limit.

The National Bank of Ethiopia has set a minimum interest rate of seven percent for depositors, and in this sense, if savings collected at 18 percent are offered for loans, we will create more economic problems with the current inflation, even though the Banks seems to be focusing on winning over having shortage of cash as the financial experts stated.