What are Ethiopian government securities (Treasury bills and bonds)?
Treasury bills and bonds issued by the government through the NBE to finance public spending, auctioned to investors.
The Ethiopian government borrows from the market by issuing securities through the National Bank of Ethiopia, on behalf of the Ministry of Finance.
The main instruments are Treasury bills — short-term borrowing sold at a discount, auctioned regularly in 28, 91, 182 and 364-day maturities — and Treasury bonds, a longer-term (five-year) government obligation sold to banks. The NBE also runs Open Market Operations to manage liquidity.
These securities are moving onto electronic (dematerialised) infrastructure, with bids submitted and holdings settled through the Central Securities Depository, and Ethiopia has begun exchange-based trading of government securities as the market develops.
Still have questions?
Get a source-cited answer from the official documents.
You asked: “How are Ethiopian government securities issued and dematerialized?”
Sources
Related guides
Educational information drawn from official ECMA, ESX and NBE documents — not investment or legal advice. For the authoritative, current detail, open the sources above or ask Mehaleq.