Payments and market infrastructure development – wholesale: National Bank of Ethiopia
The East African central bank has implemented a major overhaul of Ethiopia’s core financial infrastructure
The National Bank of Ethiopia (NBE) has shifted the country towards toward an interest rate-based, inflation-targeting monetary policy and transitioned towards a market-based foreign exchange regime since 2024. As a result, it needed to oversee a major upgrade to some of the country’s key financial market infrastructure. This included the introduction of a new central securities depository (CSD) to enhance open market operations, the treasury market and capital market initiatives. It also
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