Commercial Bank of Ethiopia Disburses $122.5 Million to Customers to Support Import Trade - Addis Insight

Commercial Bank of Ethiopia Disburses $122.5 Million to Customers to Support Import Trade - Addis Insight

Addis Ababa, March 26, 2017 – The Commercial Bank of Ethiopia (CBE) has announced the disbursement of $122.5 million in foreign exchange to its customers to support the country’s import trade. This move is part of the bank’s ongoing efforts to ensure the smooth functioning of Ethiopia’s foreign exchange market and to meet the increasing demand for foreign currency by businesses involved in import activities.The bank revealed that it had reviewed…