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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.

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.