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National Bank of Ethiopia

 

National Bank of Ethiopia Logo

The National Bank of Ethiopia is the central bank of Ethiopia. Its head office are in the capital city of Addis Ababa. The bank's name is abbreviated to NBE.

 
 

NBE are embarked on the market-based economic policy so that it could foster monetary stability, a sound financial system and such other credit and exchange conditions as are conductive to the balanced growth of the economy of the country. The Bank's supervisory area are included other financial institutions such as insurance institutions, credit cooperatives and investment-oriented banks.

The following are some of the powers and duties vested in the Bank by proclamation 83/1994.

    Carry out extensive and sound institutional transformation tasks;
    Maintain price and exchange rate stability;

    Maintain adequate international reserves;
    Improve the soundness of the financial system;
    Play a decisive role in economic research and policy advice to the Government;
    Create efficient Payment System; and
    Improve the currency management of the Bank.

Mission of the NBE is to maintain price and exchange rate stability, to foster a sound financial system and undertake such other functions as are conducive to the economic growth of Ethiopia. The currency of Ethiopia is Ethiopian birr.
 

National Bank of Ethiopia HQ Location Map

National Bank of Ethiopia
HQ Address: Sudan Avenue
Addis Ababa
Ethiopia
Telephone: +251 11 551 7438
Facsimile: +251 11 551 4588
Website: www.nbe.gov.et
Swift Code: NBETETAA
Currency: Ethiopian birr
Banking Hours:
Sunday - Thursday : 8.00am - 4.00pm
 
 

 

The National Bank of Ethiopia has to ensures, through the application of modern management practices and technology, that all its activities are conducted effectively and efficiently.
 

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