Regulatory Alerts2026-02-11
Foreign Exchange Directive No. FXD/04/2026 Amending FXD/01/2024
The National Bank of Ethiopia issued Foreign Exchange Directive No. FXD/04/2026 to liberalize foreign exchange administration and stimulate market development by amending its 2024 framework. The updated provisions authorize banks to apply forward exchange rates, permit service exporters to retain 100 percent of proceeds indefinitely, and eliminate visa, ticket, customs declaration, and minimum balance requirements for foreign currency accounts and international card issuances. Furthermore, the directive streamlines outward investment approvals, caps individual remittances at USD 3,000, relaxes security deposit and cash holding limits for independent forex bureaus, and takes effect on February 12, 2026.
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