National Bank of Ethiopia. In 2004 the National Bank of Ethiopia created FCD accounts specifically targeting members of the Ethiopian diaspora to invest domestically. National Bank of Ethiopia Directive No. FXD/31/2006 created a foreign currency account that nonresident Ethiopians and nonresident foreign nationals of Ethiopian origin (and their respective businesses) could open. These accounts are denominated in three currencies — the US dollar, British pound, or euro — but banks can also accept deposits in other convertible currencies, including the Canadian dollar, Saudi riyal, Japanese yen, Australian dollar, and United Arab Emirates (UAE) dirham. 397 Those residing abroad can open accounts.
