Foreign exchange
Ethiopia Cracks Down on “Sneaky Hawala Hustlers”
Looks like the National Bank of Ethiopia (NBE) is done playing nice with the underground money movers. Governor Eyob Tekalign...
Read moreDetailsBreaking: Ethiopia Resumes FX Auctions with $150M Offer as Inflows Improve
The National Bank of Ethiopia (NBE) has officially resumed its foreign exchange (FX) auctions after a brief pause, injecting a...
Read moreDetailsEthiopia Receives $5.1 Billion in Remittances
Ethiopia has received a record $5.1 billion in remittances in the first nine months of the current fiscal year, according...
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NBE Announces Revisions to FX Trading Spreads and Fees
The National Bank of Ethiopia (NBE) has issued a revised policy concerning the treatment of foreign exchange (FX) trading spreads...
Read moreDetailsNational Bank of Ethiopia Issues Updated Price Revision Directives for Gold Purchases
The National Bank of Ethiopia (NBE) has introduced updated price revision guidelines for gold procurement through its central and regional...
Read moreDetailsNBE Announces Acceptance of Applications for Independent Forex Bureaus
The National Bank of Ethiopia (NBE) has announced the commencement of accepting applications for Independent Foreign Exchange Bureaus. This move...
Read moreDetailsNBE Concludes Special FX Auction with a Weighted Average Rate of Birr 107.9 per USD
National Bank of Ethiopia Concludes Special FX Auction with a Weighted Average Rate of Birr 107.9 per USD The National...
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