BANKING SCHEMES

International Banking

Foreign Exchange Permit

The Foreign Exchange Regulation of Ethiopia requires all imports, exports and outgoing foreign payments to be processed against approval of foreign exchange permits. Approval process requires presentation of different sets of documents for each transaction. Permits will be approved when documents in a set show consistency of data between each other. The following are some of them.

 Names and full addresses of parties to each transaction.

 Type of currency and amount.

 INCOTERM agreed upon between the parties (for import/export.)

 Short description of commodities or service of the transaction.

 Port of Loading and delivery (for import/export.)

 etc

Visitors of this website can see brief explanation of each activity and documents required for permit approval by clicking on each major activity indicated under International Banking.