Ethiopia
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out
Ethiopia holds policy rate as inflation persists
Central bank vows to maintain tight stance until figure returns to single digits
Ethiopia’s central bank opens doors to foreign lenders
Reform enables international participation in country’s banking sector
Ethiopian governor hails benefits of central bank reforms
Mihretu tells IMF Spring Meetings inflation is now projected to fall to 10% in 2025-26
Ethiopia to conduct FX auctions every two weeks
NBE says move will help it achieve policy objectives as it looks to lower inflation to single digits
Ethiopia holds rates to tame inflation
Central bank says it aims to reduce figure from 15% to single digits in “medium term”
IMF commends Ethiopian central bank’s reforms
Institution says NBE’s measures helped country make progress in debt restructuring talks
Ethiopia’s liberalisation paves way for banking consolidation
Reforms will give central bank power to supervise foreign lenders as country lifts barriers to investment
Central banking amid uncertainty and Trump 2.0
Deglobalisation set to challenge the central banking orthodoxy of the past 40 years
Mamo Mihretu on the radical reform of central banking in Ethiopia
Ethiopian governor speaks about simultaneous monetary policy and exchange rate reform, opening the country’s financial system and a fundamental reset for Africa’s second most populous economy
IMF disburses $340 million to Ethiopia
Fund commends country’s progress on monetary policy and exchange rate reform
Ethiopian central bank allocates $175 million for fuel payments
Decision follows awarding of licences for currency exchange to non-bank FX bureaus
Ethiopia secures $3.4bn IMF package after floating currency
Funding likely to catalyse additional external support, institution says
Ethiopia adopts market-based FX regime
Move follows monetary policy reform aimed at attracting IMF funding
Ethiopia launches new monetary policy framework
Move is part of effort to unlock much-needed funding from IMF
Ethiopia approves CBDC law as it pursues bitcoin mining policies
Monetary policy and financial stability committees established as part of economic reforms
Ethiopia’s central bank issues first foreign mobile money licence
Central bank says there is strong public demand for fintech services
Illegal gold trade impacts Ethiopian reserves
Assosa region holds one of the greatest untapped resources of gold in the world
People: January to March 2023
A round-up of central bankers in the news and on the move during the past three months
Ethiopian PM nominates new central bank governor
“Young technocrat” Mamo Mihretu has served as head of sovereign wealth fund
Ethiopia’s central bank launches digital payments strategy
NBE pledges to launch retail real-time payments system and consider charges on cash use