The National Bank of Ethiopia (NBE) is a central bank of the nation responsible for designing and implementing monetary policy and financial sector development strategies aimed at ensuring macroeconomic stability and sustainable economic growth. The history of NBE dates back to 1943 when the then State Bank of Ethiopia was established and later transformed in to the National Bank of Ethiopia in 1963 when its dual operations of commercial and central banking was separated. Hence, it began to function as a central bank in 1964 fully mandated with central banking operations as per Proclamation no. 206/1963.
The National Bank has been given the powers and duties to license and supervise banks, insurers and other financial institutions; coin, print or cause to be coined, printed and circulated the legal tender currency; act as banker, fiscal agent and financial advisor to the government; exercise such other powers and functions to execute its purposes as central bank customarily perform.
Its headquarters are in the capital city of Addis Ababa. H.E Mamo Esemelealem Miheretu is the current Governor of the Bank. The Bank is active in promoting financial inclusion policy and is a member of the Alliance for Financial Inclusion.
VISION OF THE BANK
To be a trusted guardian of Ethiopia’s monetary and financial systems.
MISSION OF THE BANK
To maintain price and external stability while ensuring a safe, modern, and inclusive financial system.
CORE VALUES OF THE BANK