Foreign Currency account is an account in which the source of fund is overseas and can be maintained in hard currency or in birr. A foreign currency shall be credited to account based on the following conditions:
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>Direct crediting of the account from foreign sources through the banking system.
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Traveler's Cheque brought by the account holder from abroad.
Cash notes provided that the account holder presents a signed and sealed foreign currency declaration form from the Customs Authority.
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Cheque deposits that originate from abroad.
Type of foreign currency account may include:
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Non-Resident Transferable Foreign Currency Account (NRT FCY).
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Non-Resident Transferable Birr Account (NRT )
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Non-Resident Non-Transferable Birr Account (NRNT)
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Foreign Exchange Retention Accounts for Exporters
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Foreign Exchange Retention Accounts for the Recipients of Inward Remittances
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Foreign Currency accounts in the name of Ethiopian and foreign nationals of Ethiopian origin ( Diaspora a/c)
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