National Bank of Ethiopia introduces new rules on foreign exchange retention accounts
18 March 2021

The National Bank of Ethiopia has recently introduced the new FXD/70/2021 Directive, which covers the retention and utilisation of export earnings and inward remittances.

The new directive changes the foreign currency amounts that eligible exporters of goods and services and recipients of inward remittances can hold in retention accounts.

What other changes has the new directive introduced?

Our Ethiopia Team breaks down the main ones here.