CBUAE, NBE sign currency swap agreement, two MoUs

ABU DHABI, 16th July, 2024 (WAM) -- Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Mamo E. Mihretu, Governor of the National Bank of Ethiopia (NBE), have signed a bilateral currency swap agreement for the UAE Dirham and Ethiopian Birr.

The two parties also entered into two Memoranda of Understanding (MoU) to establish a framework for the use of local currencies in settling cross-borde