Regulatory Alerts2026-05-29
Import on Franco Valuta Directive FVD/01/2026
The National Bank of Ethiopia has issued Directive FVD/01/2026 to establish a unified regulatory framework for Franco Valuta imports, allowing designated entities to bring in goods without paying foreign exchange through the domestic banking system. The directive mandates digital tracking via the FEMoUS platform, specifies eligible users such as investors, traders, and government institutions, and outlines strict documentation and licensing obligations for both investment and commercial transactions. It repeals prior provisions, defines clear penalties for misuse or false declarations, and takes effect on May 29, 2026 to safeguard foreign exchange reserves and prevent illicit financial flows.
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