• Short Summary

    Ethiopia has announced plans to introduce new bank notes to replace those bearing a picture of the late Emperor, Haile Selassie, overthrown in a military coup two years ago.

  • Description

    Ethiopia has announced plans to introduce new bank notes to replace those bearing a picture of the late Emperor, Haile Selassie, overthrown in a military coup two years ago.

    SYNOPSIS: The change was made public by government proclamation on Tuesday (21 September) and almost immediately people in the capital, Addis Ababa, started queueing outside banks. The new currency - which has exactly the same value as the old - is to be called the birr. Designs for the new notes are to include peasants, workers and examples of Ethiopian wildlife.

    The government announcement also said that a levy would be charged on the exchange of large denomination old notes. Based on official statistics on notes in circulation, Ethiopians could stand to lose up to 30 million Ethiopian dollars -- birr -- (over GBP 8 million sterling) in the exchange, in what one diplomat quoted by Reuters news agency described as "an effective wealth tax". The government said the new notes will begin to appear next month.

  • Tags

  • Data

    Film ID:
    VLVA3QWTPD5HG9AUXGQ3SNVAOOMJS
    Media URN:
    VLVA3QWTPD5HG9AUXGQ3SNVAOOMJS
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    23/09/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:51:00
    Time in/Out:
    /
    Canister:
    N/A

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