The National Bank of Ethiopia and the Ethiopian Securities Exchange have signed a memorandum of understanding to strengthen their partnership in the operations and governance of the interbank money market using the ESX trading platform. The MoU sets an enhanced framework for cooperation, information exchange, and disclosure intended to safeguard market participants, mitigate systemic risk, and support market integrity and confidence. Since the platform’s official launch in October 2024, financial sector participants have transacted more than ETB 377 billion through the system. The interbank money market was introduced by the National Bank of Ethiopia under Directive No. MFAD/IBM/03/2024 and the Interbank Money Market Rules to enable institutions to borrow and lend liquidity and to support monetary policy transmission.
National Bank of Ethiopia 2025-03-11
National Bank of Ethiopia and Ethiopian Securities Exchange sign MoU to strengthen governance and transparency of the interbank money market on ESX platform
The National Bank of Ethiopia and the Ethiopian Securities Exchange have signed a memorandum of understanding to enhance cooperation in the interbank money market using the ESX trading platform. The MoU aims to safeguard market participants, mitigate systemic risk, and support market integrity. Since its launch in October 2024, the platform has facilitated transactions exceeding ETB 377 billion.