National Bank of Ethiopia (NBE) and Ethiopian Securities Exchange (ESX) join forces to improve the operation and governance of a transparent interbank money market, using the Exchange's trading platform. Since its official launch in October 2024, the platform has facilitated transactions exceeding 377 billion Br. The MoU establishes a framework for cooperation, information exchange, and disclosure, aimed at safeguarding market participants, mitigating systemic risk, enhancing market integrity and maintaining confidence in the interbank money market. Mamo Mihretu, governor of the NBE, emphasized the critical role of the interbank money market in reforming and modernizing Ethiopia's financial markets. He highlighted its importance in strengthening market efficiency and improving monetary policy implementation. The partnership, as outlined in the MoU, demonstrates a shared commitment to building a dynamic and robust financial sector. This initiative is crucial for strengthening market confidence and ensuring long-term financial stability as Ethiopia continues its financial sector reforms. The NBE introduced the Interbank Money Market 2024 and the Ethiopian Interbank Market Code of Conduct (Interbank Money Market Rules) to facilitate liquidity management among financial institutions. This allows them to borrow or lend funds in the interbank money market, contributing to stable and predictable short-term interest rates, which benefits businesses and consumers.

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