Date: Feb. 12, 2026
The National Bank of Ethiopia (NBE) has introduced a new round of FX directive amendments, extending the liberalization that began with the July 2024 macroeconomic reform. The changes touch exporters, banks, investors, forex bureaus, and ordinary FX account holders, easing retention rules, outbound payments, dividend repatriation, and bank-level FX operations.
We have summarized the major reforms and liberalizations in the table below in the form of comparison of the previous (July 2024) Green Directive Vis-a-Vis the FX Directive No. FXD/04/2026 of February 2026