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News - Financial

Today, on May 20th, NBE introduced several reform measures to improve FOREX market

May 20, 2025

NBE has increased the import advance limit from 5,000 USD to 50,000 USD per import transaction
NBE has improved the limit for Ethiopians who travel abroad to have 10,000 USD for personal travelers and 15,000 USD for business travelers; and these allowances can be taken by cash or by debit card
Also, effective May 26th, 2025, all bank charges and fees related to the purchase of foreign exchange - for import of goods, service payments, or cash purchases - shall not exceed 4%.
Also, starting in June 2025, the forex related fees of all banks will be transparently disclosed to the public on a regular basis on the NBE website
YOU CAN DOWLOAD THE FULL FILE FROM NBE AT THE LINK BELOW