NBE drafts directive to modernize the money market
capital Newspaper (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 in...
Source: capitalethiopia.com