Ethiopia's National Bank has launched an automated trading system that transforms the foreign exchange management framework. This new platform enables real-time interbank forex trading. It marks a significant update in the country's financial infrastructure.
The National Bank of Ethiopia has introduced an automated trading system designed to overhaul the country's foreign exchange management. This platform facilitates real-time interbank forex transactions, enhancing efficiency in currency dealings among banks.
In Ethiopia's evolving banking sector, this development offers banks better tools to handle foreign exchange needs. It represents a key advancement for the national economy, promoting more dynamic financial operations. The launch occurred in Addis Ababa, underscoring efforts to modernize monetary systems.