After circulated in social media, CBE released five notes within less than 24 hours, explaining the systematic failure in its branch services.

On 15 March 2024, the Commercial Bank of Ethiopia (CBE) encounter systemic glitch that occurred between 12 a.m. and 3 a.m in local time.

CBE released five notes within less than 24 hours, describing the bank failure as a systemic problem in its branch level.

According to BBC Amharic, students who withdrew money in western Ethiopia queued to access ATM machines after which police officers approached the campus.

[6] CBE stated that the glitch was caused by economic and political issues, believing the withdrawal of large amounts of money from ATM machines was a systemic problem.