- New FX policy caps bank spreads at 2% and mandates transparency in trading fees
- Banks required to explicitly disclose FX trading spreads and separate fees from October 16, 2024
Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has introduced changes to its Foreign Exchange (FX) policy, requiring banks to separately disclose FX trading spreads and fees while capping the spread at a maximum of 2% in line with international standards. Effective from October 16, 2024, banks must explicitly show the FX trading spread in their transactions and daily posted rates.
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