694
P.O.Box: 32757, Addis Ababa, Ethiopia
694
P.O.Box: 32757, Addis Ababa, Ethiopia
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Non-Resident foreign currency Account (NR/FCY)
The balance in this account is kept in foreign currency. A deposit to such account can be made from a transfer in hard currency, travelers’ checks, foreign cash notes, and a check drawn on a non- resident account. Holders of this account could draw foreign currency for travel purposes for their expatriate missions, transfers abroad, etc. A payment in Birr from this account is also possible.
Ø Non-Resident Transferable birr Account (NR/T)
This account has same features and use as NR-FCY A/C except that it is denominated in Birr (local currency). It is possible to make payment in foreign currency for travel and other payments on the basis of supporting documents.
Ø Non-Resident Non-Transferable (NR/NT): This is an account intended to facilitate payments locally in Birr and a foreign exchange permit should be obtained to make transfers in favor of beneficiaries residing abroad.
Non-Resident Accounts
Designated for international organizations, foreign nationals, Non-Governmental Organizations (NGOs), and staff members of foreign embassies. The non-resident accounts are denominated in foreign currency (FCY) and local currency (LCY) currency whose source of deposit is in FCY.