Regulatory Alerts2023-04-25
Added · Updated
Fees on Cash Processing, Sale of Gold/Silver and Cost of Boxes Directive No. CMD/01/2022
The National Bank of Ethiopia establishes fees of 2% on the sale of Maria Theresa Taller silver coins, Minilik Silver coins, and local gold for persons or associations holding relevant artisan mines or lapidary trade licenses. User banks depositing unsorted or deteriorated notes must pay a sorting or counting fee of Birr 50 per brick, while banks applying for currency supply pay Birr 50 per bank note box, Birr 7 per coin box, and Birr 30 per hessian bag. The directive repeals specific provisions from previous silver coin and gold sales procedure manuals and Directive No. CMD/04/2012, and it enters into effect on October 4, 2022.
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