Foreign Currency Smuggling via Bole International Airport Increasing

Foreign Currency Smuggling via Bole International Airport Increasing – ERCA

Foreign Currency SmugglingOctober 31, 2017 – People who are trying to smuggle foreign currencies out of Ethiopia to foreign countries via Bole International Airport is increasing recently, disclosed Ethiopian Revenues and Customs Authority (ERCA). During the past 15 days alone, several amount of foreign and local curries were seized at the airport, Mulugeta Beyene, ERCA’s Addis Ababa Airport Customs Passengers’ Affairs Deputy Manager, told FBC yesterday.

For example, a Chinese national was seized last Tuesday while trying to smuggle 350,000 US dollars out of Ethiopia to Saudi Arabia via Addis Ababa Bole International Port, the authority said.

Similarly, Ethiopian-born US national was detained recently while attempting to move 28,600 US dollars out of the country via the airport.

According to the manger, the Ethiopian Revenues and Customs Authority has begun implementing strong controlling mechanism to prevent smuggling of currencies out of the country.

Following the implementation of the system, the authority managed to control not only the illegal movement of local and foreign currencies but also smuggling of minerals out of the country.

The authority intercepted 4 million US dollars at the airport a year ago.

As per the amended directive of the National Bank of Ethiopia (NBE), a passenger can carry on a plane up to 1,000 local currency (Ethiopian birr).

Moreover, an Ethiopian or foreign national could import or export up to a maximum of 3,000 US dollars or equivalent foreign currencies without a permit from customs authority.

If it exceeded more than these, a passenger is required to notify the amount to the custom authority.

Source: ezega