← International Money Transfers and Remittances

Remittances and Ethiopia

Module 01 / 5 · 45 min · Free preview

Why remittances matter to Ethiopian households and to the country's foreign exchange, where they come from, and why informal channels shrank after the July 2024 reform.

In this module you will learn to

Define inward and outward remittances and the parties to a transfer
Name the main sending corridors and the kinds of senders in each
Explain why remittances matter for households and for the banking system's FX supply
Explain why many families used informal channels and why that changed after July 2024

Built on

Erudite Africa course specification: 1.m International Money Transfers and Remittances, Level 1 Beginner (Ethiopian context module, October 2026)
NBE Directive No. FXD/01/2024 and its amendment FXD/04/2026; NBE Proclamation No. 1359/2025
National Payment System Proclamation No. 718/2011 as amended by No. 1282/2023, and NBE Directive No. ONPS/09/2023 (as reported)
AML/CFT Proclamation No. 780/2013 (as reported), the NBE KYC/CDD directive and FATF Recommendation 16
NBE Directive No. FCP/01/2020 on financial consumer protection (as reported)
Erudite Africa training module: Domestic Banking Operations (October 2026), for diaspora account and incoming remittance procedures

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.