The National Bank of Ethiopia is the central bank of Ethiopia, responsible for formulating and implementing the country's monetary policy. Established in 1963, it aims to maintain price stability and promote economic growth. The bank also oversees the financial system, regulates commercial banks, and manages foreign exchange reserves. In addition to its monetary functions, the National Bank of Ethiopia issues the national currency, the Ethiopian birr. It plays a crucial role in fostering financial inclusion and ensuring the stability of the banking sector. The bank also engages in research and analysis to support economic development initiatives.