Gadaa Bank Latest Ethiopian News

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Gedaa Bank, still under formation, starts selling shares

Gedaa Bank, still under formation, has started selling shares after getting approval from the National Bank of Ethiopia (NBE).

Gedaa offered the shares for a public subscription three weeks ago and has sold 50 million Br worth of shares as of last weekend. Gedaa, which aims to raise half a billion Birr in the next six to nine months, has a subscription capital of two billion Birr.

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Products and Services in Ethiopia

Date: Jan 17, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)49.510350.5005
EuroEuro(EUR)56.719057.8534
Pound SterlingPound Sterling(GBP)64.923466.2219
UAE DirhamUAE Dirham(AED)12.197312.4412
Saudi RiyalSaudi Riyal(SAR)11.939612.1784
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