diff --git a/drivers/mtd/cfi_flash.c b/drivers/mtd/cfi_flash.c
index 24eb33f0f6e053357b0baa7d82980c618a9217af..fdba297c88b075cbc098b6a92fa474a2f8c54d65 100644
--- a/drivers/mtd/cfi_flash.c
+++ b/drivers/mtd/cfi_flash.c
@@ -1980,7 +1980,8 @@ unsigned long flash_init (void)
 	}
 
 	/* Monitor protection ON by default */
-#if (CONFIG_SYS_MONITOR_BASE >= CONFIG_SYS_FLASH_BASE)
+#if (CONFIG_SYS_MONITOR_BASE >= CONFIG_SYS_FLASH_BASE) && \
+	(!defined(CONFIG_MONITOR_IS_IN_RAM))
 	flash_protect (FLAG_PROTECT_SET,
 		       CONFIG_SYS_MONITOR_BASE,
 		       CONFIG_SYS_MONITOR_BASE + monitor_flash_len  - 1,