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

Date:

Share post:

The Ministry of Finance has announced that the foreign exchange restriction on certain items has been repealed, except for fully equipped domestic automobiles and three-wheeled vehicles classified under Article 87.03 of the Tariff Book, which remain restricted.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

Addis Insight
Addis Insighthttps://www.addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

From Personal Struggle to Regional Powerhouse: How Oscar Jobs is Digitizing Employment in Ethiopia

In 2004, while navigating the halls of Gondar University, Haftom Hailu Hagos faced a harsh reality: despite his...

IMF Completes Fifth Ethiopia Review, Unlocks $464 Million in Immediate Funding

ADDIS ABABA, Ethiopia — The International Monetary Fund (IMF) has officially completed its fifth review of Ethiopia’s Extended...

Reclaiming Peace of Mind: How Guaz Movers is Digitizing the Stress Out of Moving in Addis Ababa

Moving should be an exciting milestone—a step toward a new home, a new office, or a new chapter....

Prof. Jelani Nelson Takes Leave from UC Berkeley to Join AI Giant Anthropic

SAN FRANCISCO, CA — In the latest high-profile migration from elite academia to the frontlines of commercial artificial...