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The establishment and operation of government of Ethiopia treasury bills market directives no. 269-2020

THE ESTABLISHMENT AND OPERATION OF GOVERNMENT OF ETHIOPIA TREASURY BILLS MARKET Directives No. 269-2020

Whereas, developing a monetary instrument with flexible rates is main task of the National Bank of Ethiopia;

Whereas, the purchase and sale of such bills forms a key part of monetary policy, fiscal policy and financial sector development;

Whereas, the National Bank of Ethiopia is fiscal agent of the Government pursuant to the power vested in the Bank under Article 5(14) of the National Bank of Ethiopia Establishment Proclamation No. 591/2008 and issues the Treasury bills;

Now, therefore, the National Bank of Ethiopia, (hereafter the NBE), hereby issues directives for the Establishment and Operation of the Treasury Bills Market in consultation with the Government of Ethiopia and the International Monetary Fund

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