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The National Bank of Ethiopia has issued Directive No. FXD/05/2026, amending Foreign Exchange Directive No. FXD/01/2024 to decentralize foreign exchange administration and improve operational efficiency for importers by delegating authority to commercial banks to approve trade-related modalities and shipments. This directive, effective as of May 25, 2026, aims to enhance the business community's confidence in foreign exchange reform and streamline import processes.
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