Securities exchange to begin in 2022 On its meeting on Thursday June 10, the Board of Directors of National Bank of Ethiopia (NBE) issued a monetary policy operation directive to formalize and […]
Licensing and Supervision of Banking Business Bank Corporate Governance Directives No. SBB/71/2019 (1st Replacement) Whereas, corporate governance plays a vital role in maintaining the safety and soundness of financial system in general […]
NATIONAL BANK OF ETHIOPIA DIRECTIVES TO AUTHORIZE BANKS TO HOLD ISSUE ACCOUNTS DIRECTIVE NO. 637/2021 Whereas the Bank is responsible for printing, coining, issuing and administering currency in Ethiopia; Whereas the Bank […]
Whereas the sale of gold, both as a physical tradable commodity, and monetary should be conducted in such a way that the commodity is transacted to support the economic activity and the foreign exchange earnings of the country
NATIONAL BANK OF ETHIOPIAFINANCIAL CONSUMER PROTECTION DIRECTIVE NO. FCP/01/2020 Whereas, trust and confidence of financial consumers promote financial inclusion, healthy financial transactions, and stimulate growth, stability, ethical innovation and efficiency in the […]
Establishment and Operation of Foreign CurrencyAccount for Non-Resident Ethiopians and Non-Resident Ethiopian Origin (as Amended ) DIRECTIVE NO. FXD/ 69/2021 Whereas, it is necessary to create incentives for Ethiopians in Diaspora to […]
Licensing and Supervision of Banking Business Minimum Capital Requirement for Banks (Amended) Directive No. SBB/78/2021 WHEREAS, it has become necessary to raise the minimum paid-up capital required for banks and further improve […]
Licensing and Supervision of Banking Business Cheque Account Operation Directive No. 190-2021 WHEREAS, proper use of a cheque as payment instrument is crucial in facilitating smooth and cashless exchange of goods and […]
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