NBE lifts transfer restrictions

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The National Bank of Ethiopia (NBE) on Tuesday announced that it has removed the limits on bank transfers. The financial sector regulators restricted in January 2021, limiting account-to-account transfers to only five a week.

The next month, they placed the same restriction on transfers via mobile and internet banking using Automatic Teller Machines (ATMs) or Point of Sales (POS) machines, and mobile money.


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