Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
10.4.8 Cash Custody
i. Good Coins
a) If the branch has a coin-counting machine, the counting of the coins should
be done by Cash Office attendant. The numbering of the machine should,
however, be attended by the Customer Services Officer. In a branch where
there is no such machine, however, the counting of the coins should be done
by hand, by Cash Office attendant. In the event that the workload of the cash
work is too heavy for Cash Office attendant to do the counting, nevertheless,
the customer may be requested to assist in stacking up the coins. If she or he
is willing to assist, he should, however, be provided with the coin tray of the
Bank.
b) Coins of all denominations that are hand-counted should be arranged in a
pile of twenty coins each and be put in a tray in rows. A tray of coins should
contain 100 piles of coins—that is, ten piles wide by ten piles long (10 X 10).
Before the coins are put in a bag, the Customer Services Officer should check
the accuracy of the counting of the coins arranged in the tray.
c) After the counterfeit money has been counted, a small card that shows the
amount, the initials of the Counter and of the Verifier as well as the date on
which the counting was done should be put in the bag. Then the bag must be
sealed.
d) A coin bag that is full should either be sealed or tied with a string. Thereafter,
a tag with the appropriate color should be attached at the end of it, showing
the denominations, the amount of money, the date on which it was sealed
and the initials of the persons by whom it was counted and verified as well as
the name of the branch.
e) In the vault, or in the cash held for the National Bank of Ethiopia (NBE), the
coin bags should be kept separately, according to the types of coins they
contain. In other words, coins of one denomination should be kept in one bag
as indicated above.
CATS Procedure | 191