Measurements being taken to ameliorate gold trading system in Ethiopia: NBE Governor

Addis Ababa, May 4, 2023 (FBC) – The Governor of the National Bank of Ethiopia (NBE), Mamo Mihretu, has said that works are underway to revive the downturn of Gold trade that was hindered due to illegal trading and unrest in the country.

Buying with an increased price is one of the measures taken to revive the trade, he has indicated.

He said committee is established to adjust the trading system of Gold, adding that the National Bank of Ethiopia is the only buyer of Gold in the country.

Information circulating regarding the downturn value of Foreign Currency is false, he has confirmed.