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Foreign Exchange Reform(https://nbe.gov.et/fx)

Consumer Protection(http://bsa.nbe.gov.et/bsacps)

MANDATE OF THE BANK

Over the course of past six decades—which have seen several changes in government, ten central bank Governors, and multiple forms of currency notes and coins—the NBE has been entrusted with carrying out a significant set of responsibilities: administering the nation’s monetary policy, providing its bank notes and coins, acting as a banker for the government, supervising financial institutions, managing the exchange rate as well as foreign exchange reserves, and undertaking economic research.

The Bank also carries out the following roles and functions;

Regulates the applicable interest rate and other cost of money charges.

Formulating implements and follows-up the country’s exchange rate policy, and manages and administers the international reserves of the country.

Licenses, supervises and regulates the operations of banks, insurance companies and other financial institutions.

Sets limits on gold and foreign exchange assets, which banks, and other financial institutions authorized to deal in foreign exchange an hold in deposits.

Sets limits on the net foreign exchange positions and terms, and the amount of external indebtedness of banks and other financial institutions.