Whereas, the price of flower quoted at various international markets varies due to various factors, which requires regular monitoring and follow-up of the international flora market and proceeds repatriation by setting an appropriate mechanism and monitoring system;

Whereas, it has become necessary to amend the minimum net price set under Flower Export and Repatriation of the Export Proceeds Directive No. FXD/41/2012 and NBE circular letter reference No. FEMRMD/038/14 dated February 28, 2014;

Now, therefore, in accordance with Article 20(3) of the National Bank of Ethiopia Establishment (as amended) Proclamation No. 591/2008, this Directive is hereby issued to monitor the flower export, international price of the product, and export proceeds repatriation.