Ethiopia Lifts Foreign Currency Restrictions on Goods, Keeps Vehicle Limits”
The Ministry of Finance has announced that the foreign exchange restriction on certain items has been repealed, except for fully equipped domestic automobiles and three-wheeled vehicles classified under Article 87.03 of the Tariff Book, which remain restricted.
It is recalled that the government imposed a ban on the use of bank foreign exchange for certain items, initially established by decision No 1/7/252 dated February 11, 2023, and amended by No./Po/29/16 dated July 5, 2024.
The Ministry of Finance has confirmed that as of July 28, 2024, the ban on fully equipped domestic automobiles and three-wheeled vehicles classified under Article 87.03 of the Tariff Book, as well as the restriction on foreign exchange for the rest of the items, has been lifted.
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