National Bank to amend laws to boost involvement of Diaspora Ethiopians in finance sector

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Yinager Desie, Governor of the National Bank of Ethiopia

Addis Ababa, February 20, 2019 (FBC) –The National Bank of Ethiopia (NBE) announced that it is on process to approve three draft bills to modernize the financial sector and improve the efficiency of remittance flows.

According to Dr Yinager Desie, Governor of the National Bank of Ethiopia, the bank has already amended 10 non-functional and defective directives during the past seven months.

The new draft bills, which will be approved once consultations are held with relevant bodies, incorporated directives that allow Ethiopian Diaspora to take part in Ethiopia’s financial sector, he told journalists today.

The Governor further said the bank is ready to put in place a new, efficient, and innovative system to improve remittance flows, which is the main source of the country’s foreign currency earnings, including mobile banking system.

Though it is hard to say that that country’s foreign reserve is sufficient, it has shown improvement compared to it was seven months ago. However, the decline in overall export trade performance remains a threat, he added.

Dr Yinager also rejected rumor of making exchange rate adjustment on foreign currency.

“The government has no plan to make any adjustment. However, it will take administrative measures to narrow the gap between the black market exchange rate and the legal one,” he said.

Ethiopia’s economic growth has been declining since 2015. The growth for this fiscal year is expected to close to or more compared to the one registered last fiscal year, he stated.

The country registered a 7.7 percent economic growth last year.

3 COMMENTS

  1. i will not stake my hard earned cash to be placed in any bank in Ethiopia only to be robbed by olf bank robbers. It is laughable to talk about inviting the diaspora to make bank deposits and getting involved in the financial sector in Ethiopia in these kinds of situation. the government has a lot of work to do to create ideal conditions in the country for investment and economic development.

    the first thing they need to do is to bring olf who robbed 8 banks and stolen millions of Birr INTO CUSTODY. Those who robbed the banks can only be described as terrorists and thugs, nothing else. they are still at large and there is no chance that the money will be found.

    Secondly, the government is reluctant to take action against the terrorists. Abiy Ahmad has been sending aba Geda elders ”shimaglee”, to convince olf to lay down their weapons and to stop their acts of terror. Nothing has worked.. Dawwud ibssa seems to have more power than Abiy ahmad, as far as olf are concerned. These people have been in the wilderness for 40 years, most of them spent their time in eritrea in labour camps to make a living and as price for their up keep and for getting shelter in eritrea. Abiy ahmad invited them to come out of the cold and to rebuild their lives. unfortunately, these people have shown no intention to cooperate.
    we have been calling for decisive action to be taken to protect the population and to stabilise the country. so far no action . this is yet another total failure by the government after its failure to tackle the tplf mafia who are now camped in mekelle.
    these terror groups will continue to cause havoc in the whole country. In ogaden, oromo, benishingul, southern ethiopia in amhara and otherr regions there is a continuing violence and displacement of population as a result of the terror act these groups are allowed to carry out.

  2. The governmental banks are firing other ethnicities and hiring incompetent just Oromos because they want only OPDO to control the bank. There is no guarantee the governmental banks will not soon go bankrupt themselves.

    Worldbank , IMF, China and EU are eager to collect what they lent to the Ethiopian banks during TPLF time.TPLF is not paying back the billions of dollars it borrowed/stole from the governmental banks leaving the banks responsible for what TPLF stole and put in offshore accounts by capural flights.It is time for the governmental banks to cadh the collaterals TPLF is sending money outside Ethiopia from Tigray as we speak.Soon there will not be any TPLF money left in Tigray.

    • ብሔራዊ ባንክ ገንዘብ ተመላሽ ያላደረጉ ድርጅቶችን መለየቱ ታወቀ
      (ኢሳት ዲሲ–የካቲት 17/2011)ለገቢና ለወጭ ንግድ አገልግሎት በሚሊየን የሚቆጠር ዶላር ወስደውና ምርቶች ወደ ውጪ ልከው ገንዘቡን ወደ ሀገርቤት ያልመለሱ 240 ድርጅቶችን ብሔራዊ ባንክ መለየቱን አስታወቀ።

      ባለፉት አስራ አራት ዓመታት በርካታ አስመጪዎች የተለያዩ ምርቶችን እንዲያስመጡ ከተለያዩ ባንኮች የውጭ ምንዛሬ ተፈቅዶላቸው ነበር።

      ነገር ግን ምርቱን ሳያስመጡ እንዲሁም ምርት ልከው ተመጣጣኝ የውጭ ምንዛሬን ሀገር ውስጥ ሳያስገቡ በመንግስት በተደረገ ጫና ከብሄራዊ ባንክ እገዳቸው ተነስቶላቸው ተጨማሪ ምንዛሪ መውሰዳቸውን ዋዜማ ሬዲዮ ዘግቧል።

      በኢትዮጵያ ብሔራዊ ባንክ የውጭ ምንዛሪ አስተዳደር ህግ መሰረት የትኛውም አስመጪ ከየትኛውም ንግድ ባንክ በተፈቀደለት የውጭ ምንዛሪ ተመጣጣኝ ምርት ማስገባት ይኖርበታል።

      በዚህ ህግ መሰረት በወሰደው የውጭ ምንዛሪ ተመጣጣኝ ምርት ካላስገባ በድጋሚ ምንም አይነት ምንዛሬ አይፈቀድለትም ፣ ምርት መላክም አይችልም።

      ብሔራዊ ባንክም እንዲህ አይነት ችግር የተገኘባቸው ነጋዴዎች ምንዛሬን ከየትኛውም ባንክ እንዳያገኙ የማድረግ ስልጣን እንዳለውም ነው የተነገረው።

      የዋዜማ ራዲዮ ዘገባ እንደሚያመለከተው ይህን አሰራር በጣሰ መልኩ በርካታ ነጋዴዎች እንደልብ የውጭ ምንዛሬ ሲፈቀድላቸው ቆይቷል።

      በዘገባው እንደተመለከተው ከባለስልጣናት ጋር በነበራቸው የጥቅም ትስስር እና የልማት ፕሮጀክቶችን ከለላ በማድረግ እንዲሁም በሃገሪቱ በአቅርቦት ላይ የሚፈጠሩ ችግሮችን ለመፍታት በሚደረግ ጥረት የመፍትሄ አካል ሆነው በመቅረብ ከባንኮች ያለገደብ ምንዛሪ ሲወስዱ የነበሩ ድርጅቶች በርካታ ናቸው።

      በዚህ ድርጊት ውስጥ የ240 አስመጪና ላኪዎች ዝርዝር መታወቁም ነው የተገለጸው።

      ዋርካ ትሬዲንግ የተባለ ሰሊጥ ላኪ ኩባንያ እና አብዱል ሰመድ ቡና ላኪ ምርቶችን በላኩ ቁጥር በትንሹ ከአንድ ሚሊዮን ዶላር በላይ ሀገር ውስጥ የማያመጡ መሆናቸው ታውቋል።

      በመስፍን ኢንዱስትሪያል ኢንጂነሪንግ ፣ መሰቦ ቢውልዲንግ ማቴሪያል ፣ አስገዶም አብርሀ እና ኤዜድ ፒኤልሲ እንዲሁም ጎላጎል ትሬዲንግ ብረትን ጨምሮ የተለያዩ ምርቶችን በተለያየ ጊዜ ለማምጣት ምንዛሬ ተፈቅዶላቸው ነገር ግን ምርቶቹን መምጣታቸው ሳይረጋገጥ እንደገና የውጭ ምንዛሬ ተጠቃሚ ሆነዋል።

      አይካ አዲስና ኢቱር የተባሉት የጨርቃጨርቅ ኩባንያዎች ደግሞ ጥሬ እቃ ለማምጣትና ምርት ሲልኩም ምንዛሬ ማስቀረታቸው በዝርዝሩ ላይ ተጠቅሷል።

      ሆኖም ሁሉም ኩባንያዎች ለዚህ ተግባራቸው ተመጣጣኝ ርምጃ አልተወሰደባቸወም።

      ኢትዮጵያ ባለፉት አመታት እስከ አስራ አንድ ቢሊየን ዶላር ህጋዊ ባልሆነ መልኩ ከሀገር ወጥቶ እንዲሸሽ የተደረገባት ሀገር መሆኗን አለማቀፍ የፋይናንስ ወንጀሎች ጥናቶች ያመለክታሉ።

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