53rd Year No. 44
Unit Price
Addis Ababa, 31st January 1994
G A Z E T A
CONTENTS
Proclamation No. 84/1994
Licencing and Supervisions of Banking
Business Proclamation
PROCLAMATION No. 84/1994
A PROCLAMATION TO PROVIDE FOR THE LICENCING AND SUPERVISION OF BANKING BUSINESS
The African Law Archive
WHEREAS, the Transitional Government of Ethiopia has adopted a new economic policy that would bring the country into the path of economic development.
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WHEREAS, banks play an important role in the imple mentation of the new economic policy through mobilization of funds from within and outside the country to be utilized in the economic development.
WHEREAS, it is necessary to have a comprehensive to regulate licencing and supervision of banking business to enable full participation in the banking business.
NOW, THEREFORE, in occording with Article 9 / d of the charter, it is hereby proclaimed as follows ;
CHAPTER ONE General
1. Short Title
This Proclamation may be cited as the " Licencing Super visions of Banking Business Proclamation No. 84/1994. "
2. Definitions
In this Proclamation, unless the context requires otherwise: