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Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex

By: Addis Insight

Date:

December 22, 2021

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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.

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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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Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex

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