Regulatory Alerts2023-04-25
Added · Updated
Limits on Birr and Foreign Currency Holding in the Territory of Ethiopia
These directives, effective October 03, 2017, establish limits on Birr and foreign currency holdings for individuals entering into and departing from Ethiopia, and for residents and non-residents within the territory. Persons entering or departing Ethiopia may hold up to Birr 1,000, or Birr 4,000 if travelling to Djibouti. Residents of Ethiopia must declare foreign currency exceeding USD 1,000 upon entry and convert amounts over USD 1,000 within 30 days, while non-residents must declare foreign currency exceeding USD 3,000 and may hold it up to their visa validity period. The Ethiopian Customs and Revenues Authority is required to submit monthly foreign currency customs declarations to the National Bank of Ethiopia.
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