Qard Non-Resident Foreign Currency Account
It is a non-interest-bearing account opened and operated by check catering to expats (foreign nationals, employees of international organizations [UN, AU, etc.], NGOs, International organizations, Embassies/its employees living/operating in Ethiopia for those salary earn by foreign currency
Product Features
- Non-interest bearing unless authorized by NBE
- It can be operated by check or pre-arranged agreement with the client
- Deposits from local source is prohibited
- No exchange commission is levied upon transfer to abroad.
- Can be used for travel allowances upon presenting valid travel documents
- Can be transferred to other eligible foreign currency account(s) in FCY
- Initial Deposit: USD 100
- Minimum deposit amount: FCY, No Limit
- Maximum deposit amount: FCY, No Limit
- Withdrawal Limit: ETB-No Limit
- Withdrawal can be made through cash and over the counter upon the presentation of travel document
Eligibility Requirements
- Present valid and renewed Resident/Diplomatic ID, Passport
- A letter of application which is signed by the ambassador or her/his delegate
- Valid and renewed Ethiopian origin ID, passport or ID where nationality is explicitly defined
- Valid resident and/or work permit that certify the Ethiopian National living and working abroad for more than one year
