By Directive no. FXD/79/2022, The National Bank of Ethiopia (NBE) has reduced the amount of foreign currency available to banks and exporters. Ethiopian banks are now to surrender 70% of their foreign earnings from export, remittance, and NGO transfers to the National Bank under the newly implemented 70-20-10 rule. This criterion was formerly restricted at…...
DISCLAIMER
The opinions expresses here in the post "NBE Foreign Currency Management New 70-20-10 Rule" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.
