NBE banned exporters from using CAD for five countries

National Bank bans CAD payments for exports to certain African markets.
The central bank barred the use of Cash Against Documents (CAD) for exports to five African countries to protect scarce foreign exchange. 

Policy aims to ensure timely foreign currency inflows.
Officials cited repeated failures by exporters to repatriate forex earnings under CAD arrangements. 

Alternative payment methods required.
Exporters must now use advance payments or Letters of Credit (LCs) to secure foreign currency receipts. 

Directive is linked to foreign exchange shortages.
The clampdown reflects ongoing forex scarcity and volatility in Ethiopia’s external payments landscape. 

Enforcement will involve customs and penalties.
Customs authorities will monitor compliance, and violations could delay shipments or risk goods confiscation.