She is so talented singer!

She is a talented singer that needs a chance to show case her capabilities.

Suggested 

The National Bank of Ethiopia has allowed gold producing companies to use the foreign currency they get from selling gold for 3 months.

#Ethiopia The National Bank of Ethiopia has issued revised guidelines regarding gold trading prices.

The National Bank of Ethiopia has explained the need to issue updated guidelines as it is believed to create a lasting incentive for gold suppliers and it is necessary to improve the supply of gold in a sustainable way. 

He said that it is necessary to implement a system that can encourage suppliers to allow the country to get the foreign currency that it deserves from the traditional gold production sector in a sustainable manner. 

Regarding the price of gold, according to the system that has been in effect since July 24, 2016, the purchase price of gold has been determined based on the selling rate of foreign currency, which is published daily on the website of the National Bank of Ethiopia. 

According to the practice set by the National Bank of Ethiopia to encourage gold supplier associations/individual traders, suppliers take 95 percent of the gold they provide in advance and the remaining 5 percent as a price reserve. He explained.

It is said that if the 30th day is a holiday or a weekend, you can choose the price until the next working day. If the customer does not show up after 30 days, the bank will buy it at the price of gold used on the 31st day. 

Large producers/companies will receive 50 percent of the income from the sale of gold in foreign currency for their own use and the remaining 50 percent will be paid based on the daily foreign exchange rate, according to the directive signed by the Bank's Chief Governor, Mamo Asmelmalem Mehretu.

According to the foreign exchange guidelines of the National Bank of Ethiopia, the foreign currency obtained in this form can be used only for one month; It is said that they will use the foreign currency they get from the sale of the gold for 3 months in order to encourage the gold producing companies.

The gold supplied in this form is said to be transported abroad through the bank as per the contract between the National Bank and the gold producing companies. 

The bank said that it will make a purchase to allow gold suppliers who supply gold from 250.01 grams to 25 kg at a time to cover their costs according to the bank's internal operating instructions.

According to the bank's internal procedures, suppliers who collect more than 25.01 kg of gold from suppliers at one time will receive a higher incentive to cover their costs and make a purchase.

This amendment will be implemented from today, August 21, 2016, said the governor of the National Bank of Ethiopia, Mamo Asmelamelem Mehretu.

All morning - Sheger Radio