Whereas the Bank is responsible for printing, coining, issuing and administering currency in Ethiopia;

Whereas the Bank does not have branch network in the country to supply, collect and closely monitor the availability of currency notes and coins;

Whereas the Bank intends to authorize licensed banks to be its agents for currency distribution and collection;

Now, therefore, pursuant to the authority vested in it by Article 5(1) and 27(2) of the National Bank of Ethiopia Establishment (as amended) Proclamation No. 591/2008, the National Bank of Ethiopia, has hereby issued these directives as follows.