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EYEY

Ethiopia issues a Directive to regulate the opening and operations of offshore foreign-exchange accounts

|Tax Alerts, Information Reporting, Legis ...|Ethiopia
Ethiopia

  • The National Bank of Ethiopia enacted Directive No. FXD/86/2023, effective 8 September 2023, providing guidelines for offshore account operations.
  • The Directive is intended to attract strategic investors to Ethiopia across multiple sectors.

Executive summary

The National Bank of Ethiopia (NBE) enacted Directive No. FXD/86/2023 (the Directive), which became effective on 8 September 2023. The Directive…

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