Ethiopia Lifts Foreign Currency Restrictions on Goods, Keeps Vehicle Limits”

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The Ministry of Finance has announced that the foreign exchange restriction on certain items has been repealed, except for fully equipped domestic automobiles and three-wheeled vehicles classified under Article 87.03 of the Tariff Book, which remain restricted.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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