May 31 , 2026
The National Bank of Ethiopia (NBE) authorized a legal framework for Franco Valuta imports last week to institutionalise the trade channel and mitigate illicit financial flows. Governor Eyob Tekalegn (PhD) mandated the Foreign Exchange Monitoring and Orchestration Unified System (FEMoUS) for digital traceability, integrating the Customs Commission. The regulation sets duty-free thresholds for personal effects at 10,000 dollars for returning investors and 5,000 dollars for first-time residents. Importers must now submit proforma invoices through the FEMoUS platform. Violators face penalties including confiscation or criminal liability. This reform aims to channel informal currency into the formal economy while shielding national reserves from immediate pressure.
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