NAT10NAL BAN K 0F ETHIOPA
DIRECTIVE NO. 636/2021
AMENDMENT TO DIRECTIVE ON GOLD TRADING
Whereas there is a need to create the necessary legal framework for the orderly export and domestic sale of gold legally mined and traded;
Whereas the sale of gold, both as a physical tradable commodity, and monetary should be conducted in such a way that the commodity is transacted to support the economic activity and the foreign exchange earnings of the country;
Whereas the creation of market for gold provide s a multitude of employment opportunities, income for gold smith shops and societal needs to be supported;
Now, therefore, in accordance with Article 21 (5) (b) and 27 (2) of the national Bank of Ethiopia Establishment (as Amended) Proclamation No. 591/2008 these Directives is hereby issued.