Penalty for Non compliance with the Directives of the National Bank Directive No.ONPS/08/2022
About the policy
Oversight of the National Payment System
Fee for National Banks's Payment System Oversight, Licensing and Authorization Services Directive No.ONPS/07/2022
Whereas, it is essential that the National Bank has to improve its service quality with a view to satisfy its customers.
Whereas, its is found necessary to revise existing fees as well as introduce some new ones, on National Bank's payment system oversight, licensing, and authorization services;
Now therefore, in accordance with Article 34 and 37(2) of the National Payment System Proclamation No.718/2011, the National Bank of Ethiopia has issued this Directive.
About the author
Over the course of past eight decades—which have seen several changes in government, ten central bank Governors, and multiple forms of currency notes and coins—the NBE has been entrusted with carrying out a significant set of responsibilities: administering the nation’s monetary policy, providing its bank notes and coins, acting as a banker for the government, supervising the banking sector, managing the exchange rate as well as foreign exchange reserves, and undertaking economic research.
