The National Bank of Ethiopia (NBE) announced that it was now accepting applications for Independent Foreign Exchange Bureaus. This move is in line with the newly implemented Foreign Exchange Directive (FXD/01/2024).
The National Bank of Ethiopia presented its current fiscal year plan to the House of Representatives' Standing Committee on Planning, Budget, and Finance.
The National Bank of Ethiopia revealed that it was preparing to invite international financial institutions into the Ethiopian financial sector. The preparation includes amendment of regulations and change of supervision systems.
The National Bank of Ethiopia (NBE) has announced a new set of foreign exchange reform measures, effective today, aimed at updating existing policies and addressing long-standing issues faced by importers, travelers, and financial institutions.
In the aim of avoiding burning currency, which is the traditional way of destroying currency in Ethiopia, National Bank of Ethiopia (NBE) installed a machine that will change tired bills to inputs for brick manufacturing.
