FXD/01/2024 FOREIGN EXCHANGE

The Foreign Exchange Directive No. FXD/01/2024, issued by the National Bank of Ethiopia, outlines the rules and regulations for foreign exchange transactions in Ethiopia, including the roles of banks and authorized foreign exchange dealers, export and import procedures, and payment mechanisms. The directive aims to promote a well-functioning foreign exchange market, attract foreign exchange inflows, and ensure efficient resource allocation, while also providing guidelines for various aspects of foreign exchange transactions, including capital account transactions, foreign currency accounts, and remittances.