Scribd
Upload
132 views

Declaration of Foreign Exchange

This document outlines foreign currency declaration and surrender requirements for travelers entering Ethiopia. It states that any traveler entering the country with over $3,000 USD in cash must declare the funds using a customs declaration form. It also requires Ethiopian residents to surrender foreign currencies in their possession in exchange for the local currency (Birr) within 45 days of acquisition. Failure to do so or justify holdings of foreign currency can result in punishment and confiscation of funds under Ethiopian law.

Uploaded by

csyena28225
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
132 views

Declaration of Foreign Exchange

This document outlines foreign currency declaration and surrender requirements for travelers entering Ethiopia. It states that any traveler entering the country with over $3,000 USD in cash must declare the funds using a customs declaration form. It also requires Ethiopian residents to surrender foreign currencies in their possession in exchange for the local currency (Birr) within 45 days of acquisition. Failure to do so or justify holdings of foreign currency can result in punishment and confiscation of funds under Ethiopian law.

Uploaded by

csyena28225
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Declaration and Surrender of Foreign Exchange

I . Declaration of Foreign Exchange



1. Any person non-resident of Ethiopian who enters to the country and carry foreign currency cash notes exceeding USD3,000 or equivalent in
any other convertible currency shall declare the foreign currency in their possession by using foreign currency Customs Declaration form
prepared for this purpose on arrival.

2. Ethiopian and Foreign Residents who enters to the country and carry foreign currency cash notes shall declare all foreign currency in their
possession by using foreign currency customs declaration form prepared for this purpose on arrival.

3. Temporary visitors such as tourists and business men who carry foreign currency cash notes exceeding USD3,000 or equivalent in any other
convertible foreign currency, shall declare foreign currency in their possession by using foreign currency customs declaration form prepared for
this purpose on arrival.

4. Transit travelers staying in Ethiopia for more than 24 hours and carry foreign currency cash notes exceeding USD3,000 or equivalent in any
other convertible foreign currency, shall declare foreign currency in their possession by using foreign currency customs declaration form
prepared for this purpose on arrival.

5. Foreign currency cash notes shall be exchanged into Birr only with banks and authorized forex bureaus.

6. Reconversion of birr into foreign currency is allowed, if the reconversion request is supported by original receipts produced by banks and
customs declaration for value exceeding USD3,000.

I I . Surrender of Foreign Exchange

1. Ethiopian and Residents of Ethiopia shall surrender, through an authorized forex bureaux, all foreign currencies in their possession against
payment to them of the equivalent sum in Birr within 45 days from the date of acquisition.

2. Any resident of Ethiopia found in possession of foreign currency and that do not have evidences to justify holdings shall be punished under the
penal code of Ethiopia and the money shall be confiscated.

You might also like