Business
December 22, 2021
Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex
By
Addis Insight
Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex
Commercial Bank of Ethiopia, which is the biggest bank in East Africa with total assets worth almost a trillion birr, just made an announcement concerning remittances.
In a lottery event, the Bank stated that it has secured USD 2.64 Billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on July 8, 2021.
The lottery event was held so as to encourage its customers to get remittances. Awards range from a car, tri-wheelers, and motor bikes to numerous laptops.
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