Non-Repatriation Saving Account

  •  It is an account that may take the form of a saving deposit that can be used for local payments only. 
  • The transferred balance will be exchanged for local currency and deposited into the account. 
  • A bank is allowed to set its 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.
  •  Crediting from a local source is prohibited.