Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
f) Dilapidated coins should be kept separated from the coins that are in good
condition, with a note in the bag showing the amount thereof and the initials
of the two custodians.
ii.
Good Money Notes
a) Except notes of Birr one, all other money notes should be counted by one
person and then verified by another. Both the Counter and the Verifier of the
notes should sign at the two corners of the bundles containing the first
money notes. The money so counted should then be wrapped. It must also
bear the initials of the Counter and of the Verifier and the date on which it
was wrapped and the name of the branch where the wrapping of the bundles
was done.
b) A bundle should contain 100 notes, and a brick 1,000 notes. In other words,
the Birr notes have to come in ten bundles, a rubber string strapped around
them, with a label on one side of the brick showing the following:
i. The amount of the money in Birr;
ii. The date on which it was strapped;
iii. The name of the branch; and
iv. The initials of the Counter and of the Verifier.
c) No amount of money that comprises less than 100 notes should be wrapped.
And loose Birr notes should be strapped with a rubber band.
d) Birr notes of one denomination must be kept in the same place, whether it is
in the petty cash, the vault or in the vault marked “Cash Held for the National
Bank of Ethiopia.” They should be issued in the order of first-in, first-out and
should not be kept for more than one year after they have been strapped into
bricks.
e) All the initials or signatures on the bundles of the Birr notes must be visible.
f) An incoming or outgoing consignment of cash should always be opened in
the presence of the Senior Customer Services Officer-cash and Customer
CATS Procedure | 192