NBE Acts to Secure Licensed Remittance Channels and Safeguard Economic Stability

Addis Ababa, November 10, 2025 (FMC) – The National Bank of Ethiopia (NBE) announced it has launched coordinated measures aimed at reinforcing the country’s formal remittance system, promoting transparency, and safeguarding economic stability.

According to the central bank, the initiative focuses on encouraging the use of licensed money transfer operators and formal channels for cross-border remittances, while preventing unauthorized financial activities that undermine market confidence and threaten monetary stability.

In a statement issued today, the NBE said that the measures include continuous monitoring of remittance flows and collaboration with relevant legal and regulatory authorities to ensure that Ethiopia’s financial system is not exploited for unlawful purposes.

NBE emphasized that these initiatives are part of a broader effort to maintain the integrity of the financial sector and guarantee a sustainable and adequate supply of foreign currency through banks and licensed operators.

“The National Bank is committed to maintaining the integrity of Ethiopia’s financial system and ensuring that foreign exchange inflows are handled through legitimate, regulated, and transparent channels,” the statement added.

The NBE also highlighted ongoing efforts to formalize money transfer processes, enhance accessibility and efficiency, and strengthen public confidence in the financial system.

The central bank noted that promoting the use of licensed remittance service providers is critical to supporting the country’s economic stability and development goals.

To assist the public in identifying legitimate operators, the NBE has published a full list of licensed money transfer service providers at https://nbe.gov.et/mta/
. Citizens are urged to conduct transactions only through these authorized channels.

The National Bank of Ethiopia confirmed that it will continue to work closely with relevant institutions to detect and address attempts to misuse the financial system, while simultaneously encouraging lawful remittance practices.

The central bank reaffirmed its commitment to fostering a secure, resilient, and trustworthy financial environment that strengthens public confidence and protects the country’s economic interests.