Short Title The proclamation is formally cited as The National Bank of Ethiopia Proclamation No. 1359/2025.
Issuing Organ The proclamation was issued by the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia in accordance with Article 55 (1) of the Constitution. It was signed by Taye Atske-Selassie, the President of the Federal Democratic Republic of Ethiopia.
Effective Date The proclamation entered into force on January 27, 2025, which was the date of its publication in the Federal Negarit Gazette.
Accountability and Legal Status The National Bank of Ethiopia continues as an autonomous institution with its own juridical personality and is specifically accountable to the Prime Minister. Its head office is located in Addis Ababa.
Primary Objectives The main objective of the bank is to formulate and implement monetary policy to maintain price stability. Additionally, the bank is mandated to ensure the stability and soundness of the financial system and to support the general economic growth of the country.
Capital and Ownership The capital of the bank is totally owned by the Ethiopian government. The authorized capital is set at 20 billion Birr, with a minimum paid-up capital of 10 billion Birr.
Key Powers and Duties The bank is granted extensive powers, including the authority to license and supervise financial institutions, manage the country’s international reserves, act as a banker and financial advisor to the government, and serve as the sole issuer of legal tender. It also acts as the resolution authority for financial institutions to maintain system stability.