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Learn About Ethiopian Treasury Bills

Short answer

MoneyMarkets Ethiopia provides practical guides to how Ethiopian Treasury Bills work, how auctions are conducted, how yields are calculated and what investors should consider before participating.

Foundations

What Are Ethiopian T-Bills?What Treasury Bills are, how returns are generated, the minimum investment and tax treatment, and why they matter as an entry-point investment in Ethiopia.5 min readUpdated 16 Sept 2026Benefits & RisksUnderstand the benefits and risks of Ethiopian Treasury Bills, including sovereign credit, inflation, liquidity, reinvestment, price and auction-allocation risk.4 min readUpdated 16 Sept 2026Key Terms & ConceptsCore Ethiopian Treasury Bill terms in plain language: yields, cut-off, face value, discount, auction terms and market institutions.4 min readUpdated 16 Sept 2026

Tenor Guide

28-Day GuideHow Ethiopia's shortest standard T-Bill tenor works, when it may fit, and what to consider before bidding.Updated 16 Sept 202691-Day GuideHow Ethiopia's 91-day T-Bill tenor works, its liquidity trade-offs, and what to weigh before bidding.Updated 16 Sept 2026182-Day GuideHow Ethiopia's six-month T-Bill tenor works, the commitment it asks for, and what to weigh before bidding.Updated 16 Sept 2026364-Day GuideHow Ethiopia's longest standard T-Bill tenor works, the year-long commitment it asks for, and what to weigh before bidding.Updated 16 Sept 2026

Market Structure

Who Runs the Market?The roles of the Ministry of Finance, National Bank of Ethiopia, ESX, CSD, licensed brokers and investors in Ethiopia's Treasury Bill market.Updated 16 Sept 2026Rules & Market StructureThe issuance framework, auction rules, market access, CSD settlement and supervision structure that govern Ethiopia's Treasury Bill market.Updated 16 Sept 2026