FXD/49/2017 Limits of Birr and Foreign Currency Holding in the Territory of Ethiopia

The National Bank of Ethiopia has issued directives (FXD/49/2017) limiting the amount of Birr and foreign currency that individuals can hold while entering or departing Ethiopia, with a maximum of Birr 1,000 (or Birr 4,000 for travel to Djibouti) and foreign currency exceeding USD 1,000 (or USD 3,000 for non-residents) requiring declaration and conversion within 30 days. These directives aim to regulate foreign currency holdings and movement in Ethiopia, effective as of October 3, 2017.