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The National Bank of Ethiopia issued Directive No. SBB/13/1996 on March 25, 1996, which regulates the naming of officers in banking businesses, including restrictions on designations such as "Managing Director". The directive is set to take effect on April 8, 1996, and is issued under the authority of the Monetary and Banking Proclamation No. 83/1994 and the Licensing and Supervision of Banking Business Proclamation No. 84/1994.
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