• 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.
• Effect transfers abroad/make foreign payments, such as import and other foreign service payments as per the National Bank of Ethiopia Pertinent Directives
• Convert into a Birr account at the prevailing exchange rate for local payment
• Serve as collateral or guarantee for loans or bids.
• 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.
• Crediting from local source is prohibited
