
Fortune News | Sept 18,2021
Mar 22 , 2022
Importers and commercial banks are no longer required to cover the total cost of shipping goods in foreign currency, say regulators at the central bank.
A letter sent to the state-owned Ethiopian Shipping & Logistics Services Enterprise (ESLSE) last week informed its executives that importers and banks need only pay half the transport fees in foreign currency, covering the rest in Birr. They attributed their move to a debilitating level of foreign exchange availability.
Signed by Yinager Dessie (PhD), governor of the National Bank of Ethiopia (NBE), the decision changes the 12-year-old practice covering the total freight costs in foreign exchange. Lately, the NBE has seen commercial banks “struggle" with mobilising forex due to the central bank’s tightened retention policies.
Commercial banks are to collect the transport fees in Birr before converting half into forex and transferring the amount to the shipping company at the end of every month.
Fortune News | Sept 18,2021
Radar | Jun 05,2021
Radar | Mar 26,2022
Fortune News | Sep 18,2022
Fortune News | Dec 10,2022
News Analysis | Jul 07,2024
Fortune News | Feb 09,2019
Fortune News | Jan 05,2019
Radar | Feb 29,2020
My Opinion | 126889 Views | Aug 14,2021
My Opinion | 123030 Views | Aug 21,2021
My Opinion | 121185 Views | Sep 10,2021
My Opinion | 119085 Views | Aug 07,2021
Mar 30 , 2025
When the private satellite channel, Ethiopian Broadcasting Service (EBS), aired an em...
Mar 23 , 2025
Getachew Redda, head of the Tigray Interim Regional Administration (TIRA), at least u...
Mar 16 , 2025
Ask anyone about the population of Addis Abeba, and a straightforward answer proves e...
Mar 9 , 2025
Five years ago, 11 non-governmental organisations (NGOs), together with 40 allies acr...