National Bank of Ethiopia Fully Lifts Loan Restrictions

Date:

Share post:

The loan restrictions that were implemented for the last four months have been lifted completely, the National Bank of Ethiopia (NBE) reminded today.
The National Bank has ordered banks to provide loan service to all their customers,

It is to be recalled that the restriction was imposed to prevent “economic sabotage,” and it was implemented following the widening of the gap in the transaction of black market and legal foreign currency.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

From Ayder to Tabebe Ghion: How Insecurity and Dr. Andualem’s Death Are Driving Professionals Away

Dismantling the Institution: The Migration of Professionals Amid InsecurityBy Wendemagegn EnbialeInsecurity is dismantling institutions, forcing professionals to abandon...

From Stadiums to Substations: Engineer Getu Geremew’s Leadership Journey

Engineer Getu Geremew Soressa has been appointed as the CEO of Ethiopian Electric Service, bringing with him extensive...

Exness Expands Operations in Ethiopia with Amharic Language Support

Exness, a leading global forex and CFD trading platform, has announced the introduction of Amharic language support, making...

Unprecedented Methane Emissions from Mount Fentale Raise Questions About Ethiopia’s Natural Gas Potential

The recent detection of large-scale methane emissions from Mount Fentale, an active stratovolcano in Ethiopia’s Great Rift Valley,...