FXD/17/2001 – Directive to Amend “The Operation of Foreign Exchange Bureau “Directive No. FXD/09/1998”

The National Bank of Ethiopia issued Directive No. FXD/17/2001 to amend the operation of foreign exchange bureaux, outlining regulations for the sale of foreign exchange for various purposes, including holiday travel, business travel, medical expenses, educational expenses, and other expenses. The directive sets limits on cash transactions, requires documentation and endorsements, and establishes penalties for non-compliance, effective as of March 30, 2001.