Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
10. CASH OPERATIONS
10.1 Cash handling between NBE and Cash custody and issue
The account held for NBE should be known as “cash held for the Currency
Management of the National Bank of Ethiopia.” This is maintained by various CBE
branches authorized to hold cash for the NBE. The account is:
a) Debit for any amount of money lodged to it, and credit for any amount of
money withdrawn there from and transferred to a bank.
b) Furthermore, these branches have been authorized to withdraw from the
CBE any amount of cash that is unfit for re-issuance or that is in excess of the
amount considered adequate for their respective requirements.
c) Both the withdrawals and lodgings of cash from these accounts ought to be in
components of Birr 50,000.00. It is, nonetheless, imperative to post the
transaction on NBE system by specifying amount and the denominations of
the Birr notes lodged into, or withdrawn.
d) To make sure that requests are lodged accordingly and promptly to the NBE,
CBE’s branches are required to make a thorough assessment of their cash
position well ahead of time and thereby know when the amount of the cash
in their possession will decrease or increase.
10.1.1 Cash Withdrawal from NBE
a) Cash withdrawn from the "cash held for the National Bank of Ethiopia"
for starting the day’s operations should be recorded in the bound book
and a signature must appear on the space provided for that purpose. The
denominations of the cash withdrawn should also be clearly disclosed in
the bound book.
b) Each withdrawal should be shown on the stock card kept for the purpose.
c) Pass the necessary entry in the NBE system.
CATS Procedure | 166