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Directive No. FXD/33/2007
Amendment to Directive No. FXD/17/2001 on
The
Operation of Foreign Exchange Bureaux
1
Issuing Authority
This
Directive is issued by the National Bank of
Ethiopia
pursuant to the authority vested in it by Article 39 (1) and (2)
of the Monetary and Banking Proclamation No. 83/1994.
2.
2.Short Title
This
Directive may be cited as "The Operation of Foreign Exchange
Bureaux Directive No. FXD/33/2007".
3.
3.Amendment
This
amendment relates to "The Operation of Foreign Exchange
Bureaux Amended Directives No. FXD/17/2001", issued on 30th
March 2001, in which Article 4, 5, 6, & 7 are amended as
follows:
a) The cash note payment limit for holiday travel allowance,
business and government travel allowances, medical travel expense
and educational expenses are amended to be USD 1000 (USD One
Thousand).
b)
Holders of non-resident foreign currency accounts,
non-resident transferable Birr accounts and non-resident
non-transferable Birr accounts may withdraw travel allowance of
their requirements in cash notes or any other instruments from
their accounts upon presentation of valid travel documents.
c)
Non-resident Ethiopians and non-resident foreign
nationals of Ethiopian origin may withdraw travel allowance of
their requirements in cash notes or any other instruments upon
presentation of valid travel documents from their non-resident
account.
4.
4.
Effective Date
This
amendment shall enter into force as of 14th May 2007.
Teklewold Atnafu
Governor
National Bank of
Ethiopia
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