Whereas, it is necessary for the National Bank of Ethiopia to undertake activities conforming to the
achievement of safe and stable foreign exchange market in Ethiopia by setting foreign exchange
exposure limits and foreign exchange surrender requirements on Banks;
Now, therefore, pursuant to Articles 5(9) and 27(2) of the National Bank of Ethiopia Establishment
(as Amended) Proclamation No. 591/2008, these directives are hereby issued as follows:
