National Bank Opens Doors for Foreigners to Hold Dollar Accounts Amid Ethiopia’s Currency Reforms
The National Bank of Ethiopia has announced that it has completed the process of granting permission to Foreign Exchange Offices, a move that comes...
National Bank of Ethiopia and Mastercard Foundation Launch Comprehensive Financial Education Module for Youth and MSMEs
Addis Ababa, May 2024 — The National Bank of Ethiopia (NBE), in collaboration with the Mastercard Foundation and First Consult under the BRIDGES program,...
30 Days After Ethiopia’s Currency Float: Development Bank Leads with 110% USD Rate Spike
Ethiopia’s recent decision to float its currency on July 28, 2024, has led to a significant devaluation of the Ethiopian Birr (ETB) against major...
Ethiopia Ends 22-Year Tax Exemption on Water, Electricity, and Transport Services
The Ethiopian government has announced a new directive aimed at revising the existing subsidy framework for water and electricity services. For the past 22...
National Bank of Ethiopia Implements New Gold Pricing Directive to Boost Foreign Currency Earnings
Addis Ababa, August 21, 2016 – The National Bank of Ethiopia (NBE) has introduced an amended directive, effective today, aimed at revising the pricing...
Reform and Risk: How Ethiopia’s Currency Shift Is Reshaping Everyday Life
Introduction: Shifting from a Fixed to a Market-Based Exchange Rate
For over a decade, Ethiopia’s economy has been guided by a fixed exchange rate, but...
