Addis Abeba — The National Bank of Ethiopia (NBE) has issued a public notice inviting stakeholders to submit comments on a draft directive aimed at refining the country’s foreign exchange market trading arrangements.
In a statement released on Tahsas 20, 2018 (E.C.), the central bank said the proposed directive is intended to strengthen the regulatory framework governing foreign exchange transactions and enhance the effectiveness of market operations under its oversight. The draft forms part of the Bank’s ongoing efforts to improve transparency, efficiency and compliance within the financial system.
According to the notice, the directive outlines revised procedures and operational standards for participants engaged in foreign exchange market activities. While the Bank did not disclose specific changes in the brief announcement, it underscored that the draft has been prepared in line with prevailing monetary and financial sector reforms.
The NBE has called on financial institutions, market participants and other interested parties to review the draft and provide feedback within the stipulated consultation period. Comments are to be submitted through the Bank’s official platform, accessible via its website.
“The input of stakeholders is essential to ensure that the directive is practical, responsive to market realities and supportive of broader macroeconomic objectives,” the statement noted.
The consultation process reflects a growing trend by regulators to solicit industry feedback before finalising major policy instruments, particularly as Ethiopia continues to liberalise aspects of its financial sector and address persistent foreign exchange constraints.
Once the consultation period closes, the central bank is expected to incorporate relevant feedback before issuing the final directive, which will become binding on all entities operating within the foreign exchange market.
