The central bank’s chief economist and its vice governor Yohanes Ayalew, confirmed that the directive had been circulated to commercial banks and money with forex killer already being enforced. Christine Lagarde recently visited Ethiopia and urged the government to work at alternative drivers of growth.
In November 2017, custom authorities said they continued to record increasing incidence of forex smuggling especially via its main airport, Bole International Airport in the capital Addis Ababa. They said, they had intercepted an audacious attempt to take out 4 million US dollars via the airport in 2016. 3,000 or its equivalent in other foreign currencies without a permit. They are required to notify the authorities if they are carrying an amount that exceeds the threshold. The measure is seen by economic players as helping to boost the growth of the country’s export sector which has experienced a sluggish outlook. It is also expected to reduce forex shortages and to ease debt burden. Foreign currency cash notes shall be exchanged into Birr only with banks and authorized forex bureaus.
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. 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. 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. Blueprint Guide to Blogger – How to Blog for Free!
520 Questions That Sell Like Crazy! Massive Private Label Rights Article and ebook Package! Learn to speak spanish Ebook – planning a holiday in Spain? All downloads listed here were purchased by floodle. Coinx will be closed to prepare for the IPO. The IPO ruse is straight out of the OPN playbook.
OPN IPO shares were converted to actual shares in Global Digital Services. Not surprisingly, after the listing the share price plummeted. Global Digital Services is still traded on the exchange, with a share price 2. 6 cents as of December, 2016. Why am I bringing all of this up?
The represented internal value is currently 7. Basically it’s just a different way for affiliates to lose money through. Late last year the company released a merchant app, which since appears to have been quietly abandoned. Ruja Ignatova has previously stated that won’t happen until the second quarter of 2018. That plan seems to have now gone out the window.
OCF virtual shares, an IPO who knows where and coins they can’t liquidate. OPN scam, which includes the same scammers Greenwood and Ricketts. It’s pretty clear path now to the end. Ruja persuades members to exchange their coins to OFCs which can be used to acquire real shares according to Ruja. XcoinX remains closed for undisclosed amount of time. Interesting to see member reactions to this news, who are hoping to finally get some money out of their investment. No serious merchant will touch with a 5 foot stick this kind of circus.