The National Bank of Ethiopia (NBE) has unveiled a strategic initiative to enhance foreign currency inflows by launching a six-month campaign aimed at increasing remittances. The campaign, which involves government agencies, financial institutions, diplomatic missions, and the diaspora, is part of broader efforts to stimulate hard currency generation.
The National Bank of Ethiopia (NBE) has taken a significant step towards deepening the country's foreign exchange market by granting licenses to five companies to operate as Independent Foreign Exchange Bureaus.
The National Bank of Ethiopia (NBE) is drafting a regulatory framework for the Payment, Settlement & Clearing System operators, Fortune reported.
The directive will be applicable to companies, such as Premiere Switch Solutions (PSS), established by Awash, Nib and United banks in 2011, for the joint use ATMs and Point of Sale (POS) terminals. Recently, Berhan International and Addis International banks have joined PSS.
The National Bank of Ethiopia (NBE) has decided to maintain its tight monetary policy stance while introducing additional measures aimed at managing liquidity and supporting price stability.
The National Bank of Ethiopia (NBE) has marked the first anniversary of its Open Market Operations (OMO) auctions, reporting a record trade of Birr 579.4 billion over the past year.
