National Bank of Ethiopia Warns Against Illegal Forex Transfer Agents
National Bank of Ethiopia (NBE) has issued a strong warning to the Ethiopian diaspora and the wider public regarding the use of unauthorized foreign currency transfer agents.
In its latest announcement, the central bank emphasized that several entities claiming to facilitate foreign exchange transfers into Ethiopia are operating without legal recognition. According to the NBE, these agents are not licensed under Ethiopian financial regulations and therefore pose significant risks to senders and recipients. Subscribe to Addis Business Review
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