Current Account

  • It is operated by cheque book and/or pre-arranged procedure.
  • Withdrawals can be made at any time by writing a cheque and/or a pre-arranged procedure.
  • It can be opened with an initial deposit of US Dollar 100 or its equivalent in any of the above stated currencies.
  • Interest shall not be paid to a non-resident foreign currency current account.
  • An individual may open current account in only one of the domestic authorized banks. Whereas he/she may open fixed deposit accounts in more than one bank.
Eligibility Criteria

The following are eligible to use the Diaspora Account:

  • Non-resident Ethiopian;
  • Non-resident foreign nationals of Ethiopian origin;
  • Companies owned by the above mentioned nonresidents and located outside the Ethiopian territory for more than one year;
  • Ethiopian nationals living and working abroad or in due process of living abroad for work for more than one year and who can produce authenticated documents.

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May 30, 2024 EXCHANGE Rate
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