News: National Bank amends #forex directive allowing international payment cards, easing FX account rules
The National Bank of #Ethiopia (#NBE) has issued a new foreign exchange directive allowing domestic banks to issue internationally recognized payment cards and introducing a series of measures aimed at easing foreign exchange administration and supporting business activity.
Directive No. FXD/04/2026, which came into force on 12 February 2026, amends the earlier foreign exchange directive issued in 2024. The central bank said the revision is intended to relax foreign exchange administration, enhance market development, and strengthen business confidence.
Among the key changes, banks are now permitted to issue internationally recognized prepaid or debit cards for foreign currency account holders and load foreign currency based on customer instructions without requiring visas or air tickets.
The directive also authorizes banks to process advance payments of up to USD 20,000 per case for medical and educational services abroad without visa and ticket requirements, subject to supporting documentation.
Service exporters are now allowed to retain 100 percent of their foreign exchange earnings indefinitely in retention accounts, removing previous time limits.
Read more: addisstandard.com/?p=55158
@ics_ethiopia I have accidentally closed my browser tap while applying for passport, at the end step when it show me the final form. It's always showing me the same error now
"transaction was not found. please try later!" I've tried a lot..still the same.
any possibility way to fix this?
@ics_ethiopia I have accidentally closed my browser tap while applying for passport, at the end step when it show me the final form. It's always showing me the same error now
"transaction was not found. please try later!" I've tried a lot..still the same.
any possibility way to fix this?
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