KEMMCOM Media and Communications

Setting a New High: Franco Valuta Imports Expected to Cover Half of Ethiopia’s Total Non-fuel Imports

Published On: June 7, 2022

One of the most notable aspects of recent import trends is the sharp increase in franco valuta imports, which more than doubled from nearly $0.8 billion in 2020 to $1.8 billion now. These imports are not financed by letters of credit from Ethiopian banks and are instead paid for by importers using whatever foreign exchange sources they have available.