Non-repatriable Birr Account

  • It is an account that may take the form of saving deposit that can be used for local payments only.
  • The transferred balance will be exchanged to local currency and deposited to the account.
  • A bank is allowed to set their own interest rate payment on non-repatriatable Birr accounts upon negotiation but not less than the minimum saving deposit rate set by the NBE.
  • Withdrawals in foreign currency shall not be made from such accounts.
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 20, 2024 EXCHANGE Rate
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68.8367 70.2134
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