Whereas, it has become necessary to limit the Birr holding amount for a person entering into and departing from Ethiopia;

Whereas, it has also become necessary to set the conditions, limitations and circumstances under which an Ethiopian, resident of Ethiopia, and a non-resident or any other person who may possess and utilize foreign currency;

Now, therefore, pursuant to Articles 18(6), 20 (2) and 27(2) of the National Bank of Ethiopia Establishment (as Amended) Proclamation No. 591/2008, the National Bank of Ethiopia has issued this directive.