sot latohe 30 ater 20g AEP EH OY LCN ROLLIE On RRM nena: FMICRE Adve PH aon 25-49 2010 OTC aPHERAITEOI2OIT WIE Ss. STO IO00 OF NIC OAT AI MEF HNIC OM oH LNA TREKS AC DS Foee PPG Noo fmm) comer HNC FXDIAGI2017 AAs: MILI ones HRM MMO commee ami PINE 847 HIE nee PLO 1 RMA AS 4 TR nawee HNC FXDIAMIDOTT NE 5 aR EAM omic ava: brn wren him isha ney naan aes P—wrren TOME AMS BIR MEP HoH = h PAR PRME RNS WIA AR Se ARIE MATT ABhnbadCREE Neo t Ath NATIONAL BANK OF ETHIOPIA ADDIS ABABA we Be a\-8 @PnenA7B0/2017 Cane ony? 25 47 2010 AndrRE MPTS wh AeA OAK E 2ILR AMHEAIE ETHAN 7AM WUT ANAD ANT Whe) 770A HOUT AA ANM AMCOLE Adwe® HAAR oO VTE TAN WOU AN MWe MANE VIE’ ZAM WUT ALHVIINALR HAAR VDE 7AM DUTY AFTER MeL MANE OVI 7AM WUT AOI Mek HAA TH TAN HUTT AULE Adnco® NAAT OOD 7AM WUT ANGE ee ANE F700 ZAM WUT ARIAT AMnd-B HAAR OFT/- 7AN WUT A2PUA Aheek HAAE OFTHE TAN UTD ARCA We AN bev THOM IMM OL KIC ONT AAA HLF HeIE dom een vray PAIGAS AC OAT FOE PME ANOANE FOMOy ards HPC FXD/49/2017 “Limits on the Birr & Foreign Currency Holding in the Territory of Ethiopia’ Mi, Si, Wr PANY Ur? BARAT har 26 Faqh AFho- (A/C) PIPE AS ES RNTUAE ane 4 ae anaes = AMBAR. LUNG RANA Me a Sh An ROT OAT ING ZL 8 jose hh HNC CHB ST 45 ADDRESS’ SUDAN SIRCET POROX 502048 FAXNs.O11S514SN AigL, NoqOTTES ‘TELEGRAPHIC ADDRESS.1VA TION B AK CODES USED PETERSON 3" 4 ED BENTEE 30" ADDIS ABABA 1s ARASE ABC, 6° EDITIO- 1 YAPERE Die @ Ooh NATIONAL BANK OF ETHIOPIA ADDIS ABABA lirectives No. FXD/ 49 2017 Limis on the Birr and Foreign Curreney Holding in the Territory of Ethiopia ‘Whereas, ithas become necessary to limit the Birr holding amount for persons entering into and ‘departing fem Ethiopia; ‘Whereas it has aso become necessary tose the conditions imitations and circumstances under ‘shich Ethiopians, residents of Ethiopia, and non-residents or any other person who may possess and utilize foreign currency; Now, therefore, pursuant © ariles 18(6), 20 (2) and 27(2) ofthe National Bank of Eshopia Establishment (as Amended) roclamation No, 5912008, these directives are hereby issued as follows ‘Short Title ‘These directives may be cited as “Limits on Birr and Foreign Currency Holding Directives No, FXD/4922017" ri Definition 1.1.°A person residing in Ethinia’ forthe purpose of these direetives, refers to an Ethiopian National Residing in Ethiopia and a foreigner registered and has got a permanent or temporary residence permit io be Ethiopian resident by the Ethiopian Security, Immigration ‘nt Reig Ais Aory a pert mnigaton I ofthe oy YN 12:4 penon not residing fe Edhiopi’, for the pupose of these dees, ween ig an ; ° Dem AD OT Tote nh #00 0118 81-45 88 2088 FAXNo 0128514588. TED APHIC ADDRESS. NATION BAN, ED PETERSON 3" 4 ¢° ED BENTLEY'S > DRESS SUDAN STRCETPermanent or temporary residence permit to reside in Ethiopia by the Ethiopian Security, Immigration and Refugee Affirs Authority as pr the Immigration laws ofthe cousty 13. Territory of Ethiopia’ refers to the territory of the Federal Democratic Republic of Ethiopia; 14Travel Document” meass any passport or other travel document, issued by the Federal Democratic Republic of Ethiopia Ministry of Foreign ATs or the Security, Immigration and Refigee Affairs Authority or by foreign state recognized by the Government of Ethiopia ‘or intemationa or Regional organization, bearing the identity and nationality ofthe holder The Birr holding limit for: 2.1.A person Entering into and departing from Ethiopia may hold up to « maximum of Bite 1,000.00 (Birr One Thousand) pe travel to an from Ethiopia 2.2.Notwithstanding the limit set under subarile 2.1 ofthis ancl, a person travelling to Djibouti may hold up to 2 maximum amount of Birr 4,000 (Birr Four Thousend) per Foreign Currency Holding Time Limits [No person residing in Ethiopia is allowed to hold foreign eureney for more than 30 (Thirty) ays since the date of acquisition and! or declaration of the foreign cutency. Atticle=4 Customs Declaration and Conversion of Foreign Currency 4.1, Customs Declaration of Foreign Currency 4) Any person residing in Ethiopia entering into the eiPepe 1 Ws purpose en aval t Airport or any ether entry pint into the county ‘any other enzy point in othe country. 42. Conversion of Foreign Currency Conversion of Foreign Currency, A date of acquisition andor declaration ofthe feregn crrency. ') Any person residing in Eiopia entering into the ‘country carying foreign eureney SnPunt of les than USD 1000 or equivalent in any other convene foreign cureney "uD to the visa validity period 45. Rermisible amount of fein currency fr travel abo 451 Any petton resting in Ethiopia is lowed to cany wit him foreign curreney for foreign eureny. “2: Aly person not esis in Ethiopian who is taelng abroad and arty. with hin foreign cureney gsenting USD3.000 vr the equate ate cone ti Pion, cueny is raul pidue » te seslrtion delat he ety poi t433, Embassy Employees, Temporary Workers of different foreign institutions or Workshop participants or trainers who entered into the country ean camry foreign ‘currency exceedng USD3,000 or the equivalent in other convertible foreign currencies only when he can produce a bank advice or employers letter oF a supporting letter from workshop coordinator which justify the acquisition of the _foreign currency is fom a legal source. Antic ting Res iement 5.1The Ethiopian Customs and Revenues Authority i requited to send a copy of every foreign currency cusoms declaration 10 the National Bank of Ethiopia every month within the fis five working days of the next month 52. The Ethiopian Customs and Revenues Authority is also required to submit any other report related to foreign currency customs declaration in hard and soft copy when requested by the Naienal Bank of Ethiopia. Article 6 Benalty ‘Any person who fails to comply with the provisions ofthis diecive shall be punished in accordance with Article 26 of the National Bark of Ethiopia Establishment (as Amended) Proclamation No, 591/2008. Article? Repeated Directives Directives No, FXD/34/2007 and letter reference no /@#™ncn8/47209 dated Ginbot 25, 2001 E.C. are hereby repealed and replaced by these direstives. Articles These ditectves shall enter imo foree as October 03,2017