NBE’s first-ever Open Market Operations auction was successfully held today, following the announcement of a new Monetary Policy Framework earlier this week.
The auction, which was a liquidity absorbing exercise, attracted 16 bidders at the offered National Bank Rate (NBR) of 15 percent and collected cumulative bids of Birr 19.970 Billion.
The next OMO auction will be held in two weeks time on July 25, 2024.
The National Bank of Ethiopia and the Central Bank of the U.A.E. signed a currency swap agreement and MoUs to promote the use of domestic currencies and interlink their payment and messaging systems.
CBUAE and NBE sign currency swap agreement and MoUs to
