NBE and CBUAE Sign Currency Swap Agreement up to AED 3 Billion

Tue, 21 Apr 2026 16:02:01 +0000
Banking

The National Bank of Ethiopia (NBE) and the Central Bank of the UAE (CBUAE) signed a bilateral currency swap agreement enabling currency exchange up to AED 3 billion and ETB 46 billion. The parties also executed two MoUs covering local currency settlement for cross-border transactions and interlinking of their payment systems, instant payment platforms, and messaging infrastructure.