FXD/53/2017 Setting of minimum price for selected import items

The National Bank of Ethiopia has issued Directive No. FXD/53/2018, which sets indicative minimum prices for selected import items to prevent under-invoicing and ensures compliance with import regulations. The directive requires banks to verify the prices of listed import items, which include various goods such as edible vegetables, pharmaceutical products, and machinery, and imposes penalties for non-compliance, including a fine of $10,000 for each violation.