Teddy Afro Family and Friends get-together.
38 types of products have been banned from entering the country
Addis Ababa, October 14,2022: 38 types of products were temporarily banned from entering the country for which LC was opened.
It is said that the products have been researched and announced by the Gumuruk Commission according to the direction set by the National Macroeconomic Committee.
The embargo was imposed on the products as they were not found to be priority items and to obtain sufficient foreign exchange for the priority import items.
The National Bank also stated that the products are the reason for illegal money transfer.
According to the Deputy Governor and Chief Economist of the National Bank, the ban will last indefinitely.
Prohibited drinks (whiskey or beer and other alcoholic beverages), chewing gum, chocolate, water, cigarettes, artificial decorations and similar materials are indicated.
It is said that the ban also applies to cars that are opened by private individuals.
The Deputy Governor said that letters are being distributed to banks not to open new LCs.
Banks have also been instructed to implement it from Monday.
They looked at Afework and started with Tbebe Trinity