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The National Bank stated that it has completed the process of issuing a license to the Foreign Exchange Office 

#Ethiopia | The National Bank of Ethiopia has announced that it is now accepting more people and companies following the fact that it has allowed entities involved in foreign exchange in an informal way to be legally licensed. 

Previously, only banks were involved in the foreign exchange market, but now, apart from banks, other parties who want to engage in the sector have been allowed to work. 

The bank's Deputy Director of Foreign Exchange Monitoring and Reserve Management, Ato Ababahehu Dufera, said, "We have accepted those who have shown interest in opening the foreign exchange zero." 

According to the deputy director, "Foreign citizens living in Ethiopia are allowed to open accounts and use them only when they want to change to Birr."

Ababayehu Dufera, who pointed out that any individual who earns foreign currency in the country can open a foreign currency account with a minimum of 100 dollars, said that this benefit will not only benefit individuals, but also the country.

(Capital)