Cash Note Salling requeriments for Traveleres
9. Authority to Sell Foreign Exchange
The National Bank shall issue licenses for Authorized Banks to effect through their forex bureau sales of foreign currency for services specified hereunder.
9.1. Personal Travel Forex Sales A Forex Bureau may sell foreign exchange for a personal travel outside Ethiopia, (such as holiday, education, medical, and other personal reasons) to an individual Ethiopian national or a foreign resident upon presentation of passport, valid entry visa, if applicable, and air ticket.
1. Travelers are entitled to USD 5,000 (Five-thousand USD) or its equivalent in other convertible currencies, which may be provided as cash notes.
2. Unless otherwise authorized by the NBE, any Ethiopian resident may not carry cash notes more than USD 10,000 (Ten-thousand USD) or equivalent per travel.
9.2. Business Travel Allowance
1. A Forex Bureau may sell foreign exchange for a bona-fide business travel to representatives of business organization, upon presentation of valid licenses together with passport, if applicable, and air ticket.
2. A Forex Bureau may also sell foreign exchange for a bona-fide business travel to business associations, welfare institutions, and religious associations, organizers of trade exhibitions, tourism, cultural show and sports.
3. For Government travelers as per the Council of Ministers Directive in relation to Government Institutions per diem, accommodation and other related expenses. However, the total cash notes shall not exceed USD 10,000.00 (USD ten thousand) or in equivalent other convertible currencies, which may be provided as cash notes or via a debit card.
4. Withdrawals of cash notes for the purpose of convening conferences, workshops, meeting and per-diem payments by Embassies, International Organizations and regional organization can be released based on the request submitted and requirements of the program to be carried out.
5. If the trip is arranged by chartered plane, amount approved shall be on the basis of the related documents presented for the trip and charter arrangement to an airline.
6. Travelers who are going to neighboring countries using their own transport means or surface transport in lieu of air ticket may be accepted to purchase foreign currency upon presentation of car passage certificate or letter from the concerned government organization or companies.
7. Unless otherwise authorized by the NBE, any Ethiopian resident may not carry cash notes more than USD 10,000 (Ten-thousand) or equivalent per Business travel.
Source:
Who is eligible to sell hard currencies
22.7 Time Limit for holding and conversion of Foreign Currency 22.7.1 a person residing in Ethiopia enters into the territory of Ethiopia carrying a foreign currency shall convert all foreign currency at an authorized forex bureau for the equivalent sum in Birr or deposit to his/her foreign currency account within 30 days (thirty days) from date of entry stamped on the travel document by the Immigration and Citizenship Service. However, he/she has to present customs declaration if the foreign currency amount exceeds USD 10,000 (USD Ten Thousand) or equivalent in any other convertible foreign currency while depositing into foreign currency account.
22.7.2 Notwithstanding sub-article 22.7.1 of this Directive, the Foreign National of Ethiopian Origin or Ethiopian National not residing in Ethiopia who enters Ethiopia carrying foreign currency and intends to stay for more than 90 days (ninety days), shall deposit such a foreign currency into his/her Non-resident (NR) Foreign Currency Account within ninety days from date of entry stamped on the travel document by the Immigration and Citizenship Service. However, if the foreign currency amount exceeds USD 10,000 (USD Ten Thousand) or equivalent in any other convertible foreign currency, he/she has to present a customs declaration while depositing into a foreign currency account or converting the foreign currency at an authorized forex bureau for the equivalent sum in Birr.
22.7.3 A foreigner not residing in Ethiopia enters into the country carrying foreign currency may hold the foreign currency in his/her possession up to the visa validity period.
22.7.4 a person residing in Ethiopia who purchase foreign currency from a bank, may carry such foreign currency for a period of thirty (30) days from the date of a bank advice and has to convert it at an authorized forex bureau for the equivalent sum in Birr within thirty (30) days.
Conditions for pre-order
1- Contact Us on +251987888844 or email via Ethioforex@outlook.com
2- Deposit into Ethio Forex Trading S.C. bank accounts.
3-Send necessary travel documents through Ethio forex contacts