National Bank of Ethiopia

Governor Mamo Mihretu warmly welcomed the Chairwoman and Secretary General of the African Insurance Organization (AIO) to his office. During their meeting, he expressed the National Bank of Ethiopia’s enthusiasm and readiness to host the 51st AIO Conference and General Assembly, scheduled for May 24-28, 2025. Ethiopia is eager to extend its hospitality to Africa’s insurance leaders and facilitate meaningful discussions on advancing the continent’s insurance sector.

The National Bank of Ethiopia Mandates Adoption of Digital Payment QR Code Standards for All Payment Service Providers Effective December 1, 2024. Visit for more: https://nbe.gov.et/qrcode/

NBE Governor talks with Christopher Jeffery of “ Central Banking” Magazine—the primer global publication on central banks and financial regulators about a wide range of issues on the Ethiopian economy. Read Article Here: https://lnkd.in/ecWCKZ9K

Official Launching of a money market trading platform that will enable banks to lend to and borrow from each other through an electronic trading system. The electronic trading system will be administered by the Ethiopian Securities Exchange (ESX).

የኢትዮጵያ ብሔራዊ ባንክ በባንኮች እርስ በርሳቸው የሚበዳደሩበት የገንዘብ ገበያ ይፋ አደርገ The National Bank of Ethiopia Announces the Launch of an Online Inter-Bank Money Market Platform

2024 Annual Meetings of the International Monetary Fund and the World Bank Group: Highlights of the National Bank of Ethiopia’s Participation. Watch it here: https://lnkd.in/euBu-Xg9

Taking a moment to reflect on the impactful DEBO Campaign: Remittance Awareness Session, hosted by the National Bank of Ethiopia (NBE) at the Ethiopian Embassy in Washington, D.C., on October 20, 2024, where NBE, alongside Ethiopian bank CEOs, led insightful discussions on Ethiopia’s macroeconomic, foreign exchange, and banking sector reforms. The session provided a unique opportunity for the diaspora to engage directly with NBE on critical remittance issues, reaffirming NBE’s commitment to boosting remittance flows via formal banking channels as part of its ongoing work to create a deep, liquid, and well-functioning foreign exchange market. Watch Here: https://lnkd.in/ezZGEu6W

On October 20, 2024, the National Bank of Ethiopia (NBE) hosted a well-attended event at the Embassy of Ethiopia, Washington D.C , where Governor Mamo Mihretu and over a dozen Ethiopian bank CEOs discussed the country’s macroeconomic, foreign exchange, and banking sector reforms. The event brought together NBE, commercial banks, remittance companies, and members of the diaspora to advance the dialogue on how improved remittance channels and practices can help drive economic growth in Ethiopia. Ethiopian banks showcased a range of savings and lending products linked to remittances—such as mortgage loans, vehicle loans, and SME loans. The event highlighted the Unite.et platform, which enables Ethiopians and those of Ethiopian origin to open bank accounts via an easy-to-use web-based and app-based platform. The event also provided a unique opportunity for community members to receive immediate responses to their questions and concerns. NBE reiterated its continued commitment to boosting remittance flows via formal banking channels as part of its on-going work to create a deep, liquid, and well-functioning foreign exchange market.

The Governor today visited two independent forex bureaus who have just opened their doors and started operations in the Bole and National Theater neighborhoods of Addis Ababa. The Governor welcomed the two new entrants and recognized the important role that such fx bureaus will play in meeting the needs of Ethiopians going overseas for personal or business travel. Both fx bureaus indicated that fx cash notes are available for travelers upon demand. The Governor indicated that, alongside the start of independent fx bureaus, fx supply conditions are steadily improving across the banking sector. He urged all banks to continue to entertain customer fx requests and to do so without delays. The Governor also noted that NBE will continue to play an active role to ensure that there is a steadily growing, liquid, and well-functioning fx market that adequately serves the interests of Ethiopia’s exporters and importers.

The National Bank of Ethiopia Announces New Policy on the Treatment of FX-Trading Related Spreads and Fees.