Ethiopia’s foreign exchange regulatory framework continues to evolve.
Following the introduction of Foreign Exchange Directive No. FXD/01/2024, NBE has issued successive amendments, including Directives No. FXD/03/2025, FXD/04/2026, and recently FXD/05/2026.
A close review of these reforms reveals a clear policy direction toward the decentralization of foreign exchange administration, enhanced operational efficiency, and greater flexibility for investors, exporters, financial institutions, and the broader business community.
The amendments so far demonstrate an ongoing commitment to a more market-oriented and responsive foreign exchange regime, while simplifying procedures and expanding the decision-making authority of commercial banks in a number of areas.
Please take a look on our legal insight briefly examining the key features, implications, and practical significance of Directive No. FXD/05/2026 for businesses and investors operating in Ethiopia.
see the full document at : MAP_Legal_Update_on_FXD-05-2026-
