Skip to main content

Ethiopian central bank tightens limits on foreign exchange

Inflation was 33.5% in July

Addis Ababa
Photo: Ninaras/Wikimedia

The Ethiopian central bank has tightened controls on birr and foreign currency use, as fighting resumes in Tigray and Amhara in the country’s ongoing civil war. 

National Bank of Ethiopia governor Yinager Dessie signed the directive, which came into effect September 5. 

Persons travelling to and from Ethiopia can hold up to 3,000 birr per visit. According to the official daily exchange rate, this is equivalent to $57.15, or around 52 birr to the dollar.

Earlier this year, the birr fell 26% to

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.