Whereas the price of flower quoted at various international markets vary due to various factors which requires regular monitoring and follow-up 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 Repatriations of the Export Proceed 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.