National Bank of Ethiopia to Introduce Standardized Cheques
The National Bank of Ethiopia (NBE), the regulatory organ of financial institutions in Ethiopia, is set to introduce a standardized cheque with enhanced security using Magnetic Ink Character Recognition (MICR) starting from early January 2014.
The new cheque to be printed under the control of the NBE are expected to incorporate enhanced security features so as to make them more difficult to tamper with. Add a comment Add a comment