Economy
Ethiopia’s Interbank Money Market Crosses ETB 4 Trillion in Cumulative Transactions
StockMarket.et · 4 hours ago · Read the Full Story on StockMarket.et
AI SUMMARY
Ethiopia’s Interbank Money Market surpassed ETB 4 trillion in cumulative transactions less than two years after opening, reflecting rapid adoption of market-driven liquidity management by commercial banks.
- Ethiopia’s Interbank Money Market surpassed ETB 4 trillion in cumulative transaction volume.
- The market began operating in October 2024 and is run by the National Bank of Ethiopia on the Ethiopian Securities Exchange electronic platform.
- Banks can lend and borrow overnight or for 7 days with rates set by the market under NBE directives.
- The jump from 3 trillion birr to 4 trillion birr is the fastest single-trillion increase recorded so far.
- Former ESX CEO Tilahun Kassahun stated that interbank trading previously hovered around ETB 100 billion a year and has now grown tenfold.
- The platform aims to move away from direct monetary controls toward market-based liquidity allocation and price discovery.
- Sidama Bank listed on the ESX Main Market on September 28, 2026, alongside ongoing capital market growth.
- The IFC and ESX are assisting in establishing a national dealers' association for local-currency and foreign-exchange interbank markets.
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