Friday, May 24, 2024
HomeNewsBanks relocate money from combat zones of Amhara Region

Banks relocate money from combat zones of Amhara Region

Ethiopian Birr in different denominations ( photo : Social media /File)

By Staff Reporter

ADDIS ABABA – (BORKENA) – Following the war that erupted between the Defence Force and Fano in Amhara Region, banks are relocating their cash to Addis Ababa, sources said.

Wazema quoted sources of banks as saying that the cash relocated was taken from Amhara zonal and Woreda towns including the Regional capital, Bahir-Dar.  

Banks have started moving their cash from the Region to Addis Ababa since last week. Starting from 03 August 2023, the banks drew extensively their cash particularly from Wereda Branches, Wazema said, quoting its banking sources.  

In particular, the state bank, Commercial Bank of Ethiopia, descended orders to its branches that are located in relatively peaceful Woredas to keep certain reserves of cash and move the rest of the large amount to Addis Ababa.  

Banks, including those in the Regional capital, Bahir-Dar, have recently stopped giving service. Apart from banking services, business activities have also been disrupted particularly in towns such as Gondar where the conflict has escalated.

According to residents of the Region, a daily withdrawal limit has been imposed, especially in the commercial bank, where a person cannot withdraw more than birr 10,000 per day, Wazema said.

Bank employees in Amhara Region confirmed that daily money withdrawal by customers is limited. Apart from the fact that the amount of cash the branches have in hand is limited, the money flowing into the banks in the Region has currently dropped significantly.

Following this, bank customers are complaining that they have not been allowed to draw their money. Employees of the banks were not able to respond to the complaints of the customers other than stating that they were facing a shortage of cash.

After the statement given by the government on intensifying the “law enforcement” action against the militants, there is fear among the residents of the Region that banking services will remain suspended, Wazema said.

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14 COMMENTS

  1. CBE is a thief of the oromo that stole money saved by millions of Ethiopians who are hated by extremist oromos. It is pure theft and trying to make Amhara area even poorer…so poor so as to beg abiy and oromuma for alms. That’s what they are trying to do…shake up and emove the most evil leader in Ethiopian history – abiydevil.

  2. Stop the war and restore peace and order in Amhara region; : stop killing unarmed civilians and captured non-Amhara group members Stop the war and restore peace and order in Amhara region; : stop killing unarmed civilians and captured non-Amhara group members

    “”ፋኖ ይህ እንደሚደረግ ሳያውቅ ቀርቶ አይደለም እየታገለ ያለው ወይም የእርስ በእርስ ጦርነት (civil war) ይመጣል ብሎ በመፍራት ትግሉን ለአፍታ አይተውም። ምክንያቱም ከዘር እልቂት (ጄኖሳይድ) የእርስ በእርስ ጦርነት ይሻላል። ከሁለቱ መጥፎ አማራጮች የተሻለውን መምረጥ ብቸኛው የህልውና መንገድ ስለሆነ ነው ህዝቡ ‘ቁጭ ብለን አናልቅም’ ብሎ የተነሳው። “”by በደሳለኝ ቢራራ is another genocide perpetrator who is encouraging genocide and civil war with his twisted, wicked perspective!

    This diabolical viewpoint, which favors civil war over genocide, results from a desire for vengeance and the need to balance the number of losses inflicted on two opposing parties or groups involved in battle.

    ነሐሴ 4 ቀን 2015 ዓ/ም Borkena . The justification that civil war is preferable than genocide is false and flawed. Both undermine the worth of human life by causing the deaths of innocent people. Engaging in civil war for revenge perpetuates violence and prolongs the conflict. Instead, we should concentrate on ending this cycle and achieving enduring peace.
    Negotiation and dialogue are two peaceful solutions that should be sought after. Although civil war may appear more manageable, it has terrible effects that cause societal fragmentation and require extensive reconstruction.
    The value of every human life must be acknowledged, and all people must work to promote a positive outlook and find peaceful solutions through negotiation and mediation. All People, including Fannos, must also work to promote mutual respect, understanding, and peaceful coexistence.

  3. Stop the war and restore peace and order in Amhara region; : STOP killing unarmed civilians and captured non-Amhara group members Stop the war and restore peace and order in Amhara region; : STOP killing unarmed civilians and captured non-Amhara group members

    “”ፋኖ ይህ እንደሚደረግ ሳያውቅ ቀርቶ አይደለም እየታገለ ያለው ወይም የእርስ በእርስ ጦርነት (civil war) ይመጣል ብሎ በመፍራት ትግሉን ለአፍታ አይተውም። ምክንያቱም ከዘር እልቂት (ጄኖሳይድ) የእርስ በእርስ ጦርነት ይሻላል። ከሁለቱ መጥፎ አማራጮች የተሻለውን መምረጥ ብቸኛው የህልውና መንገድ ስለሆነ ነው ህዝቡ ‘ቁጭ ብለን አናልቅም’ ብሎ የተነሳው። “” published on ነሐሴ 4 ቀን 2015 ዓ/ም Borkena by በደሳለኝ ቢራራ is another genocide perpetrator who is encouraging genocide and civil war with his twisted, wicked perspective!

    This diabolical viewpoint, which favors civil war over genocide, results from a desire for vengeance and the need to balance the number of losses inflicted on two opposing parties or groups involved in battle.
    . The justification that civil war is preferable than genocide is false and flawed. Both undermine the worth of human life by causing the deaths of innocent people. Engaging in civil war for revenge perpetuates violence and prolongs the conflict. Instead, we should concentrate on ending this cycle and achieving enduring peace.
    Negotiation and dialogue are two peaceful solutions that should be sought after. Although civil war may appear more manageable, it has terrible effects that cause societal fragmentation and require extensive reconstruction.
    The value of every human life must be acknowledged, and all people must work to promote a positive outlook and find peaceful solutions through negotiation and mediation. All People, including Fannos, must also work to promote mutual respect, understanding, and peaceful coexistence.

    EOTC synod must NOT only excommunicate Abba መልአከ ሕይወት ቆሞስ አባ ወልደ ኢየሱስ ሰይፉ (አባ ህፃን ) ,በለፈለፉ በአፍ ይነቀፉ , but also seize all the money and assets acquired through corruption and embezzlement. Furthermore, the synod should undertake a comprehensive investigation into individuals similar to Abba መልአከ ሕይወት (Angel of life, Guardian of life,Celestial life-giver), employing the same diligent approach.
    በቅርቡ ኦሮሞ ነኝ ስላለ ሳይሆን በሠራው ሥራ መኮነን እና መወገዝ ይገባዋል፤፤አባ ዲዮስቆርዮስም አባ ጴጥሮስም እንዲሁ፤ያለ አግባብ ከደሞዛቸው ውጭ በጉቦ ፥ከደሃ የተሰበሰበ የቤተክርስቲያን ሙዳየ ምፅዋት በመገልበጥ በማራቆት ፥ያለ አግባብ ሁለት ሦስት አጥቢያዎችን ደራርቦ በመያዝ በመዝረፍ በተለያዩ ወንጀሎች የተከማቸ የመነኮሳት ገንዘብ ቀምቶ ለድሃ ማካፈል ይገባል፥፥ቤተክርስቲያኒቷ ቤተክህነት ውስጥም ሆነ በሌላ ቦታ መኖሪያ ሰጥታቸው ሳለ በሥርቆት የተለያየ ቤት የገዙ የያዙ ሁሉ ሊነጠቁ ይገባል፥፥መኪናቸውን ጨምሮ፥በደሃ ገንዘብ የበለፀጉ መነኮሳት ጳጳሳት የደብር አለቆች ሊነጠቁ ይገባል፥፥አባ ህፃን ሊወገዝ ሲገባው ሌላውን በሰበብ ባስባቡ መተው ደግሞ የዘረኝነት መገለጫ ነው፥፥ከሲኖዶሱ ዉስጥ ካሉት ይጀመር ከዛ አጥርቶ ማየት ይቻላል፥፥ ጨለማን ተገን አድርገው በናይት ክለብ በጭፈራ የታዩ መነኮሳት መነኮሳዪያትም ነበሩ፥፥የቤተክርስቲያኒቷ ስም ይጎድፋል እየተባለ ፖሊስ የያዘው ጥቂት የማይባሉ ሰዎች የሚያውቁት እውነታ ተበራክቷል፥፥ካሁኑ እልባት ካልተሰጠው ምዕመናን ከቤተክርስቲያኗ እየራቁ ነው፥፥መወገዝ ያለበት ይወገዝ ንብረት ማስረከብ ያለበት ያስረክብ እንደ አባ ህፃን አባ ጴጥሮስ አባ ፋኑኤል ፥የፓርላማ አባል፣ ሙሐዘ ጥበባት ዳንኤል ክብረ፣ አቡነ መቃርዮስ ያሉቱ ሁሉ መወዝ ብቻ ሳይሆን በህግ ፊት ሊቀርቡ ይገባል፤፤

  4. What money? You mean abiy ahmed’s useless paper. The whole banking system is in free fall under the extraordinarily talented ክቡር ጠ/ሚ : ፓስተር:ዶ/( PhD, 7ኛ ጨ::

    By the way, should not this fake pm and wannabe tinpot dictator have done the same when banks were actually robbed by his oromumma thugs and thieves in where was it, oh yeah Wollega. Banks were robbed 18 times there and no pip from the thug in office and his sycophants.

    DO NOT BELIEVE A SINGLE WORD COMING OUT OF THIS RUBBISH REGIME. NOT A WORD.

    LOOK ALL INTERNATIONAL NEWS PRESENT THEIR COMMENTS IN QUOTATION MARKS AND ADD THE FOLLOWING CAVEAT “because internet and communication media have been cut, we cannot independently verify the situation on the ground”

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