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What is 190 Cheque Account Operation Directives No. 190 2021 about?

The National Bank of Ethiopia has issued Cheque Account Operation Directive No. 190/2021 to regulate the use of cheques as a payment instrument and ensure their safety and credibility. The directive outlines the responsibilities of banks regarding the operation of cheque accounts, including the handling of dishonored cheques and the maintenance of a Dishonored Cheque Register. It also establishes penalties for repeated dishonoring of cheques and conditions for reinstating closed cheque accounts.

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camsa0966791683

Language

EN