Regulatory Alerts2025-05-20
Foreign Exchange (Amendment) Directive No. FXD/03/2025
The National Bank of Ethiopia has issued Foreign Exchange (Amendment) Directive No. FXD/03/2025 to update value limits for foreign exchange advance payments, traveler allowances, and family remittances under the original FXD/01/2024 directive. The amendment raises the maximum advance payment per supplier to USD 50,000 and increases personal traveler cash or debit card allowances to USD 10,000, while allowing foreign currency account holders to withdraw up to 20 percent of their outstanding balances via debit cards. Business travelers may now access up to USD 15,000 in foreign exchange, structured as USD 10,000 in cash or debit card plus USD 5,000 via debit card only, with the directive taking effect on May 20, 2025.
Share