Ethiopian central bank tightens limits on foreign exchange

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

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

If you already have an account, please sign in here.

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

Sign in
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 here: