The National Bank of Ethiopia (NBE) has launched the country’s first Automated Interbank Foreign Exchange Trading Platform, marking a major step in Ethiopia’s ongoing macroeconomic reform and financial sector modernization agenda. Interbank foreign exchange transactions will now be conducted through real-time competitive bidding, increasing transparency and supporting a more accurate assessment of wholesale secondary market conditions. The new interbank FX framework is also supported by a stronger regulatory structure to promote institutional soundness and market integrity. Operations will be governed by the market-based exchange regime established under Foreign Exchange Directive No. Participating institutions will also be required to comply with NBE’s Foreign Exchange Market Guidelines and the FX Market Code of Conduct, which align with global benchmarks.