The National Bank of Ethiopia announced key foreign exchange liberalizations on February 11, 2026, to enhance the market's efficiency and transparency. These measures build on macroeconomic reforms and draw from IMF policy advice. Notably, service exporters can now retain 100 percent of proceeds indefinitely, and bureau limits have been raised.
The National Bank of Ethiopia (NBE) unveiled significant foreign exchange market liberalizations on February 11, 2026, as part of the country's ongoing macroeconomic reform agenda. Drawing from International Monetary Fund (IMF) policy recommendations, these changes aim to foster a freer, more transparent, and efficient forex market, supporting Ethiopia's transition from IMF Article XIV to Article VIII status.
Service exporters can now retain 100 percent of their earnings in foreign exchange retention accounts without any time restrictions, a departure from prior limits. The previous $100 minimum requirement for opening remittance accounts has been eliminated. Individuals and families enjoy broader freedom to use forex for purposes like education, healthcare, travel, and other expenses, provided legal documents are submitted. Ethiopians abroad can receive up to $3,000 in financial support for their families.
Returning residents may convert or deposit any amount of foreign currency brought into the country at banks or bureaus without restrictions. Profit-oriented organizations and NGOs can hold forex in various account types—current, savings, or time-bound—without expiration. Direct foreign investors, embassies, and international institutions may open accounts at commercial banks. Domestic entities can now channel investments abroad through NBE approvals.
Commercial banks are authorized to issue globally accepted payment cards linked to forex accounts for cross-border transactions, including e-commerce, and to process outward remittances without NBE pre-approval. Forex bureaus see their cash holding limit raised from 15 percent to 25 percent of paid-up capital plus reserves. NBE officials state these reforms will boost market depth, strengthen legal financial flows, combat illicit trades, and align Ethiopia's economy with global standards.