The National Bank of Ethiopia has reiterated its focus on foreign exchange protection and accountability in export activities. The announcement followed a consultation led by Governor Eyob Tekalign. The discussion centred on ongoing gaps in the repatriation of foreign currency earned through exports.
According to the Central Bank, the meeting underlined its responsibility to ensure that export earnings are returned to the country in a timely and transparent manner. The Bank stated that dialogue with the private sector remains the preferred approach, with emphasis on cooperation to address challenges in the current system.
The consultation highlighted the aim of improving compliance and maintaining Ethiopia's foreign exchange management framework. "Constructive dialogue with the private sector takes precedence over enforcement measures," the Bank noted, adding that it seeks to work with exporters to resolve issues linked to currency repatriation.
The Bank reported that it will continue to uphold accountability, promote responsible export conduct, and reinforce the integrity of the broader foreign exchange structure. The institution indicated that attention will remain on gaps in repatriation and on measures that support overall economic stability.
Source: Fanamc
