- Electronic FX trading replaces relationship-based currency dealing
- Reform aims to boost transparency and price discovery
ADDIS ABABA, ETHIOPIA – Ethiopia has launched an automated interbank foreign exchange trading platform, replacing decades of fragmented, relationship-driven currency dealing with real-time electronic transactions.
The reform places Africa’s second most populous nation alongside Kenya, Nigeria and Ghana, which have already digitised parts of their interbank foreign exchange markets to improve transparency, efficiency and regulatory oversight. For Ethiopia, where chronic foreign currency shortages and administrative controls have long distorted price signals, the move marks a deeper commitment to market-based reform.
- Electronic FX trading replaces relationship-based currency dealing
- Reform aims to boost transparency and price discovery
ADDIS ABABA, ETHIOPIA - Ethiopia has launched an automated interbank foreign exchange trading platform, replacing decades of fragmented, relationship-driven currency dealing with real-time electronic transactions.
The reform places Africa’s second most populous nation alongside Kenya, Nigeria and
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