Here are the key changes:
NBE allows banks to apply forward exchange rates alongside spot rates for FX transactions
Service exporters may retain 100% of export proceeds indefinitely in FX accounts
FDI companies can open FX accounts without prior NBE approval letter
Banks authorized to approve dividend and profit remittances; monthly reporting to NBE required
External loans and suppliers’ credits handled by banks without NBE approval; reporting required
Cash declaration requirement above USD 10,000 cancelled for FX exchange, deposit, and border entry
Directive effective 12 February 2026
why it matters?
The amendments expand FX retention, forward contracts, dividend remittance, and outbound transfers, affecting exporters, banks, FDI firms, forex bureaus, and cross-border transactions under Ethiopia’s foreign exchange regime.
If you want to read the full regulation from NBE, click here