53rd Year No. 43
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Proclamation No. 83/1994
Monetary and Banking Proclamation
CONTENTS
PROCLAMATION No. 83/1994
MONETARY AND BANKING PROCLAMATION
WHEREAS, the accelerated growth and development of Ethiopia requires systematic mobilization and use of financial and monetary resources ;
WHEREAS, it is necessary to lay the basis for a sound banking system which will foster the continued expansion of the economy of Ethiopia ;
NOWTHEREFORE, in acordance with Article 9 (d) of the Transitional Period Charter, it is hereby proclaimed as follows:
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Banking Proclamation No. 83/1994 ".
PART I General
In this Proclamation unless the context requires otherwise, the following terms shall have the meanings ascribed below:
The African Law Archive
“ The Bank ” means the National Bank of Ethio
ance with the law ;
established in accordance with the law ;