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GET YOUR FOREIGN EXCHANGE DIRECTIVE NO. FXD/01/2024

Your Rights as an Account Holder

As an FCY account holder, you have several key rights

Negotiating Interest Rates:

You have the right to negotiate the interest rates on your foreign currency deposits with your respective bank. This allows you to ensure that your funds earn a competitive return.

Negotiating Exchange Rates:

 You are entitled to negotiate the exchange rates for converting your foreign currency into Ethiopian Birr or other currencies. This can be done at the time of conversion, ensuring that you get the best possible rate.

Using Your FCY Account

Making conversions into a Birr account or withdrawing in foreign currency.
Using as collateral to secure credit in local currency from authorized banks.
Transferring funds for international payments.