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The National Bank of Ethiopia has issued Directive No. FXD/05/2026, amending Foreign Exchange Directive No. FXD/01/2024, to decentralize foreign exchange administration and improve operational efficiency by delegating authority to commercial banks to approve trade-related modalities and shipments. This directive, effective May 25, 2026, streamlines import processes and supports international trade by allowing banks to approve letters of credit and cash against documents without prior approval from the National Bank of Ethiopia.
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