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Diaspora account

Diaspora Account/Foreign Currency Account

The National Bank of Ethiopia had issued, in accordance with Articles 6 and 61 of the Monetary and Banking Proclamation No. 83/1994, the Directive No. FXD/24/2004 on the establishment and operation of foreign currency account for non-resident Ethiopians in domestic commercial banks and then has amended the current Directive No. FXD/31/2006.

It is necessary to create incentives for Ethiopians in Diaspora to maintain foreign currency account at home country so as to encourage domestic investment, support the international foreign exchange reserve, encourage foreign direct investment and ease the balance of payments problem of the country. Therefore, the Amharic and English versions of the diaspora account information, the application form and the directives are posted here for ease of reference. 




Foreign Currency Account Directives

Diaspora-Account Broacher

In addition to the above application form which works for all, Awash bank specifically has its own application form. Accordingly, those of you who who are intending to open foreign currency account at Awash bank have to fill separate form which you can find by clicking the link below.