NBE drafts directive to modernize the money market capitalethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalethiopia.com Daily Mail and Mail on Sunday newspapers.
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(L) Tesfaye Hailemichael Stock market expert who used to work at Nasdaq, Henok Assefa Managing Partner of Precise Consult and Melese Minale, Senior Macroeconomic Advisor at NBE (Photo: Anteneh Aklilu)
The National Bank of Ethiopia (NBE) is drafting a directive on Open Market Operations (OMO) and Standing Facilities (SF) to establish a formal and modern interbank money market on the itinerary to capital market.
Since the Home Grown Economic Reform Agenda was introduced about two and half years ago, the government has been putting in place different reforms and introducing new approaches to improve and correct the macroeconomic imbalance whilst commencing new economic paths.