The National Bank of Ethiopia (NBE) has unveiled plans to modernize the government treasury bill (T-bill) system, aiming to make these financial instruments more accessible to citizens and investors. This initiative is part of the NBE’s ongoing efforts to enhance transparency, efficiency, and competitiveness within Ethiopia’s financial markets.
The Governor of the National Bank of Ethiopia (NBE), Mamo Mihretu, announced that the government would continue to take firm legal measures against illegal entities operating in the parallel foreign exchange market, particularly those whose activities distort normal market operations.
National Bank of Ethiopia has inked an agreement with Afreximbank, the continental import-export bank, to collaborate on trade and investment, as well as job creation and poverty reduction.
The National bank of Ethiopia is to hire a consultant to support its plans to prepare a regulatory framework for the launch of 
mobile and agent banking services in the country.
The technology is expected to be helpful but it prudent to be careful in regards to security issues before implementing a new system said an official with the Banking Supervision Directorate of the NBE.
The central bank will be hiring a consultant with a view towards such security concerns and to enable it to create a document that will enable the bank to supervise the use of the new services said the source.
The National Bank of Ethiopia is to oversee all foreign currency requests. The bank will manage applications for foreign 
currency through Letter of Credit or other transfer requests to best allocate limited foreign exchange resources it was said.
The move to take over the management of all foreign exchange by commercial bank is said to follow a recent shortage of hard currency that is inhibiting the flow of import activities. Importers have been forced to wait for extended periods of time for approval of their foreign currency requests leading to allegations of abuse by bank officials according to sources.
The central bank took charge of giving final approval following these charges of mismanagement.