cbe

USD
131.5086
134.1388
,
GBP
174.4955
177.9854
,
EUR
149.8277
152.8243
,
CHF
156.9823
160.122
,
SEK
13.4396
13.7084
,
NOK
12.8108
13.0671
,
DKK
19.7202
20.1146
,
DJF
,
JPY
0.8912
0.909
,
CAD
94.2697
96.1551
,
SAR
35.069
35.7703
,
AED
35.809
36.5252
,
INR
,
KES
,
AUD
83.7181
85.3925
,
ZAR
,
CNY
17.9542
18.3133
,
KWD
420.8198
429.2362

awash

USD
134.4412
137.13
,
GBP
183.2801
186.9457
,
EUR
158.0009
161.1609
,
JPY
0.7951
0.811
,
SAR
32.3526
32.9997
,
AED
33.044
33.7049
,
CAD
87.7096
89.4638
,
CHF
145.8086
148.7248
,
NOK
10.9003
11.1183
,
DKK
17.6388
17.9916
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

USD
134.385
137.0727
,
GBP
181.9681
185.6075
,
EUR
155.8784
158.996
,
AED
36.5902
37.322
,
CHF
168.6982
172.0722
,
SEK
14.1354
14.4181
,
NOK
13.3103
13.5765
,
CAD
98.5733
100.5448
,
SAR
35.8331
36.5498
,
CNY
18.7312
19.1058

abay

USD
134.4067
137.0949
,
GBP
182.5512
186.2023
,
EUR
157.2962
160.4421
,
AED
36.5902
37.322
,
ZAR
7.5339
7.6846
,
SAR
35.8351
36.5518
,
JPY
0.9165
0.9348
,
CHF
168.8103
172.1865
,
AUD
87.7004
89.4544
,
CNY
18.7188
19.0932

zemen

CAD
98.4443
100.4132
,
EUR
157.5001
160.6501
,
GBP
173.9501
177.4291
,
SEK
14.1674
14.4507
,
USD
134.6707
137.3641

buna

USD
134.6099
137.3021
,
EUR
156.3035
159.4296
,
GBP
182.2025
185.8466
,
AED
36.192
36.9158
,
SAR
35.7075
36.4217
,
CAD
94.006
95.8861
,
AUD
64.239
65.5238
,
JPY
0.94
0.9588

nib

USD
134.3771
137.0647
,
GBP
182.7663
186.4217
,
EUR
157.6109
160.7632
,
CHF
168.498
171.8679
,
CAD
98.3223
100.2888
,
AED
36.5811
37.3128
,
SAR
35.8291
36.5457

berhan

wegagen

dgb

USD
134.3279
137.0145
,
EUR
155.9464
159.0653
,
GBP
174.9321
178.4307
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.9454
36.6643
,
CAD
79.1617
80.7449

enat

USD
133.6792
136.3528
,
EUR
151.7615
154.7967
,
GBP
176.3266
179.8531

ahadu

USD
134.461
137.1502
,
GBP
180.1432
183.7461
,
EUR
154.5012
157.5912
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
134.572
137.2634
,
EUR
158.0003
161.1603
,
GBP
184.1205
187.8029
,
SAR
35.8801
365977
,
CHF
168.4888
171.8586
,
AED
36.6402
37.373
,
KWD
0
0

dashen

USD
134.6689
137.3623
,
EUR
156.2159
159.3402
,
GBP
181.803
185.4391
,
CAD
88.0731
89.8346
,
AED
33.1805
33.8442
,
SAR
32.4862
33.1359
,
CNY
16.8815
17.2191

oromia

USD
134.683
137.3767
,
GBP
177.4583
181.0075
,
EUR
149.2153
152.1996
,
CHF
168.818
172.1944
,
SAR
35.9106
36.6288
,
AED
36.6654
37.3987

lion

USD
134.504
137.1941
,
GBP
181.5057
185.1358
,
EUR
157.0915
160.2333

developmentbank

USD
132.3534
135.0005
,
GBP
179.7624
183.3576
,
EUR
154.8932
157.991
,
CHF
166.2313
169.556
,
SEK
13.8865
14.1642
,
NOK
13.1004
13.3624
,
DKK
20.762
21.1772
,
DJF
0.7413
0.7561
,
JPY
0.9025
0.9205
,
CAD
96.6648
98.5981
,
SAR
35.2877
35.9934
,
AED
36.0312
36.7518
,
INR
1.5438
1.5747
,
KES
1.022
1.0425
,
AUD
86.3606
88.0878
,
SDR
181.5095
185.1396
,
ZAR
7.4188
7.5672
,
CNY
18.4329
18.8015
,
KWD
433.2986
441.9645

coop

USD
134.2806
136.9662
,
GBP
181.331
184.9576
,
EUR
155.4649
158.5742
,
AED
34.994
35.6938
,
SAR
34.2674
34.9528

gadaa

USD
134.1095
136.7917
,
GBP
165.8019
169.1179
,
EUR
158.0191
161.1795
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
134.0024
136.6825
,
EUR
152.5299
155.5805
,
GBP
177.3056
180.8518
,
SAR
36.1163
36.8386
,
AED
36.8772
37.6148

amhara

tsehay

USD
132.9499
135.6089
,
GBP
169.2591
172.6443
,
EUR
148.935
151.9137
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
134.5561
137.2472
,
EUR
157.471
160.6204
,
GBP
182.7541
186.4091
,
AED
36.6308
37.3635
,
CHF
168.9978
172.3778
,
SEK
14.1176
14.3999
,
NOK
13.3184
13.5848
,
DKK
21.1075
21.5296
,
DJF
0.7536
0.7687
,
INR
1.5695
1.6009
,
JPY
0.9175
0.9358
,
CAD
98.2735
100.239
,
SAR
35.8749
36.5924
,
ZAR
7.5423
7.6931
,
CNY
18.7396
19.1144
,
KWD
440.5097
449.3199
,
KES
1.039
1.0598

siinqee

USD
134.08
136.7616
,
EUR
157.015
160.1553
,
GBP
181.7173
185.3516
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
134.0001
136.6801
,
GBP
176.1027
179.6248
,
EUR
157.1553
160.2984
,
AED
36.4795
37.2091
,
CAD
98.1254
100.0879
,
CNH
18.6778
19.0514
,
CHF
148.0209
150.9813

gohbetoch

USD
134.4805
137.1701
,
EUR
154.7271
157.8216
,
GBP
179.5016
183.0917
,
AED
36.0874
36.8105

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9382
0.9476
,
KWD
443.3502
447.7837
,
CNY
18.9099
19.099
,
ZAR
7.694
7.7709
,
XDR
186.4392
188.3036
,
EUR
159.54
161.1354
,
AED
36.8717
37.2404
,
SAR
36.1137
36.4748
,
AUD
88.8109
89.699
,
CAD
99.6501
100.6466
,
USD
135.4444
136.1459
,
KES
1.0467
1.0781
,
INR
1.5854
1.6013
,
DJF
0.7586
0.7813
,
DKK
21.3824
21.5962
,
NOK
13.4535
13.588
,
SEK
14.1789
14.3207
,
CHF
170.6279
172.3341
,
GBP
184.841
186.6894

binance

USDT
160.38
159.65

5 foreign banks will be granted licenses to workin Ethiopia.

 

national bank

 

National Bank announced that about five foreign Banks would be licensed to enter the country and provide Banking services, the Bank stressed that Ethiopian local Banks should prepare themselves for the coming change and review their previous strategies.

National Bank of Ethiopia Financial Institutions Sector Deputy Governor, Mr. Solomon Sadha during his meeting with EPD; disclosed that along with strengthening local financial institutions, National Bank is making efforts to bring foreign banks into the country.

Mr. Solomon expressed that their bureau is taking fast action on revising the previous decree and collecting inputs from donors to support the process, most of which is getting completed and will be presented to the public in a few months.

Following this amendment plans are being made to grant licenses to three to five foreign banks in the next five years.

 

Foreign Banks Entrance and its Effect on Indigenous Banks

 

According to the Deputy Governor; building the capacity of local financial institutions very essential so that foreign banks wouldn’t bring a negative effect and drive local banks out of the market, and they indicated that there is a set procedure for this.

Mr.Solomon explained that the institutions should spend two percent of their regular budget on capacity building, which started many years ago and will still be monitored accordingly.

Since the reform, previous procedures might not be implemented as usual said the Deputy Governor, many new things require budget allocation and widely invested work.

“In particular, It is necessary to think from now on who; should work with whom, who will contribute with whom. The banks need to think about how to work in coordination with foreign institutions, how to share capital, knowledge, and technology, and learn from other Banks’ experience.”

Especially it is appropriate to know the leadership and procedures of the board, the way and system of technology use, management, legal frameworks, and human resources management as well.
The Deputy Governor stated that financial institutions should increase their capital to enter this business and revise their previously designed strategies to meet the standards; all matters that take these and other circumstances into consideration should be handled carefully.

In general, Mr. Solomon, in his meeting with the EPD emphasized that banks should build capacity and build their future on technology, even more, make their center of focus on technology growth by learning from other institutions’ experience on the sector.