The National Bank of Ethiopia (NBE) has announced plans to expand its regulatory reach to parts of the country’s “shadow” financial sector, in a move aimed at reducing systemic risks and creating a more level playing field in the financial market.
National Bank of Ethiopia (NBE) gave order to private banks in Ethiopia to pay the 15 million USD bill the Ethiopian Shipping Logistics Services Enterprise (ESLSE) to Djibouti’s company. The banks are, according to Fortune, given 3 days to sell the foreign currency to the Enterprise.
The National Bank of Ethiopia (NBE) has directed all commercial banks to compile and submit information on customers who use personal bank accounts for business or illicit purposes.
Ethiopia’s central bank, National Bank of Ethiopia (NBE), is going to serve banks and financial institutions with a one day workshop that is going to revolve around digital financial service.
The National Bank of Ethiopia issued an amended directive raising the maximum amount of foreign exchange cash overseas travelers can obtain from authorized foreign exchange dealers, Fortune reported.
The amended foreign exchange directive become become effective as of as of October 4, 2013.
