The period of grace means that Ethiopians living abroadwill only be required to present the Fayda ID for banking transactions ...

The NBE has issued a circular letter dated February 5, 2025, providing a temporary waiver until December 2026 for Ethiopian-born foreign nationals residing abroad to access banking services without ...

On the occasion her official working visit to Ethiopia, the National Bank of Ethiopia (NBE) is delighted to welcome ...

Ethiopia’s economy has taken a significant hit since its suspension from the African Growth and Opportunity Act (AGOA) in ...

The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. Ethiopia’s central bank issued a ...

The economic reform programme aims to address macroeconomic imbalances, restore external debt sustainability, and lay the ...

ADDIS ABABA, Feb. 9 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised Ethiopia's "strong progress" in its homegrown economic reform program.

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), acknowledged the challenges of Ethiopia's ongoing macroeconomic reforms, describing them as "tough" and noting that ...