Africa Links 24 with Addis Standard2
Published on 2024-08-28 07:55:18
Addis Abeba – The National Bank of Ethiopia (NBE) has announced a major overhaul of its gold pricing policy, effective 27 August, 2024.
The new directive eliminates the previous practice of offering a fixed and substantial premium above the international gold price to local suppliers selling gold to the central bank.
Under the revised policy, the NBE will set offer prices based on “its internal procedures and a cost-covering incentive.” The updated pricing structure applies to gold deliveries ranging from 25…
Read the full article on Addis Standard
