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National Bank of Ethiopia removes restrictions on the number of bank transfers that allowed only 5 per week.

National Bank of Ethiopia removes restrictions on the number of bank transfers that allowed only 5 per week.

by AllureAdmin | Jan 13, 2022 | Business

A year ago, at the beginning of 2021, the National Bank of Ethiopia banned making over five cash transfers a week from a single bank account to multiple accounts. The ban discouraged the parallel exchange market due to many bank transfers. Commercial banks embraced...

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