Regulatory Alerts2023-04-25
Added · Updated
Open Market Operations and Standing Facilities Directive No. MFAD/OMO&SFs/001/2021
The National Bank of Ethiopia establishes the regulatory framework for open market operations and standing facilities to manage liquidity in the financial system. The Directive defines eligible participants as banks maintaining reserve requirements, specifies eligible collateral including government and National Bank securities, and outlines procedures for repo, reverse repo, outright transactions, and NBE certificate issuance. It mandates that all transactions be conducted in Ethiopian Birr and sets specific operational rules for standing lending and deposit facilities, including overnight maturities and collateral valuation haircuts.
Topics
monetary
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