Forbidden letter of credit, another national foreign exchange reserves bottom! Shipment must be caut
- Author:Elena
- Release Date:2022-10-24
According to CCTV News, on October 17, local time, UN Secretary -General Gutres said that the situation in Ethiopia is out of control, and the conflict in the Tigre region must stop.
Gutres said that civilians are paying a great price due to conflict. He called on all parties to abide by international humanitarian laws, protect civilians, and allow humanitarian rescue supplies to be distributed quickly and uninterrupted to all those in need.
Gutres reiterates that the United Nations will support the African Union to end the Ethiopian conflict in all possible ways.
On October 5th, the Ethiopian government and the "Tigre People's Liberation Front" successively stated that they were invited to accept peaceful negotiations from Africa. Since then, the peaceful negotiations originally scheduled to be held in South Africa on October 9 were delayed due to unknown reasons and have not been held so far.
Forex bottom, prohibit import 38 products
The Ministry of Finance-Ethiopia (MOF) announced on October 4 that banks were banned from issuing a letter of credit when importing 38 products. The reason was "insufficient domestic foreign exchange, and foreign exchange should be kept to preferential imported product products items. These products are non -preferential imported products. "
Therefore, this policy shows that the Ethiopian's foreign exchange is insufficient, and the government must force the government to force the order of foreign exchange.
The list of 38 items is as follows:
1. Mouth gum; 2. Chocolate; 3. Biscuits; 4. fruit juice, canned fruits, jams, potato chips, tomatoes; 5. Water, including mineral water, soda and other alcoholic drinks; 6. whiskey, red wine, beer And other alcoholic drinks; 7. Cigarettes; 8. Perfume; 9. Cosmetics; 10. Soap; 11. Fireworks; 12. Bags and wallets; 13. Calendar; 15. Pictures; 16. Hat; 17. 17 . Artificial flowers; 18. Sending and wigs; 19. Artificial Jewelry; 20. Vehicle imported vehicles, tricycles (except for electric vehicles); 21. Vehicle imported locomotive (but except for electric vehicles); 22. bicycle; 23. Household and office furniture (except for special design chairs); 24. Salt; 25. Video game; 26. Clocks; 27. Umbrella; 28. Carpet; 29. Fish, sardines and other aquatic products; 32. Packaged food (except for milk, children and infant food); 33. Pottery, porcelain and kitchen supplies; 34. Gas igniter; 35. Model; 37. Glass glass, ashtray; 38 vases, frames.
It is reported that the list of prohibited imports from imported products was studied and announced by the Ethiopian Customs Commission in accordance with the direction determined by the National Macroeconomic Commission, because these products are not prioritized to import products and need to retain sufficient foreign exchange for priority imported products. National Bank of Ethiopia also said that these products are the main reasons for the flood of the black market.
It is estimated that the prohibited imports (excluding vehicles) will save the country's annual foreign exchange of $ 1.-150 million.
The country's foreign exchange is obviously insufficient. If your product is within the above list, please pay special attention to the risk of receiving.
Forbidden letter of credit, another national foreign exchange reserves bottom! Shipment must be cautious!
Earlier, Argentina's foreign exchange reserves bottomed out! Shipment must be cautious!
British media reported on the 8th that Argentina will further strengthen import supervision to reduce foreign exchange reserves. Reuters reported on the source of Argentina that day as a source of sources that the Argentine government's new measures to strengthen import supervision include::
Will the import application scale of the certification importer conform to its financial resources;
It is required that importers can designate a bank account to engage in foreign trade;
The time to request importers to buy money from the central bank to reserve currency is more accurate.
It is reported that the Argentine government will announce the details of the measures in the next few days, and the relevant measures will be effective on October 17. The report quoted relevant sources as saying that the new measures will "order order" to the import system to avoid irregular behaviors.
In view of the limited US dollar reserve of the Argentine central bank, the government hopes to ensure that the dollar is used to help improve domestic production. According to data provided by the Argentine Central Bank on the 6th, Argentina's existing US dollar reserves 36.55 billion US dollars.
Reuters quoted a source that in Argentina, the importer exchanged the US dollar to the central bank at an official exchange rate, and the US dollar's exchange rate against Argentina's Bagossole market was 88%higher than the official exchange rate in certain trading markets. Excessive or repeated request for the official exchange quota.
This year, Argentina has been committed to saving the bottom foreign exchange reserves through the control of imports. In addition to limited foreign exchange, Argentina also faces severe inflation. A large number of consumer goods in the country rely on imports. The country's input inflation is higher, and the sharp depreciation of the currency has further exacerbated the pressure of input inflation. In order to prevent malignant inflation, the central bank of Argentina sells the US dollar every day to avoid the devaluation of the peso, but it does not play any effect. Argentina has now become one of the worst inflation areas worldwide.
A survey results released by the Argentine Central Bank on the 6th show that they predict that Argentina's annual inflation rate may reach 100.3%this year, 5.3 percentage points higher than the previous forecast; 84.1%.
In June, the Argentine Central Bank issued Announcement No. 17532, which will expand the application of imported foreign exchange control measures to the import and financing system of services and non -automatic license products, from 3 months to September 30 this year.
On September 28, when Argentina Economic Minister Massa submitted the 2023 budget bill to the Afghanistan, there were many ridiculous phenomena that criticized the current automatic license import system, and announced that the new foreign trade system will be launched on the 30th of this month.
Regarding the new import control measures, the minister stated that it will focus on automatic (LA) and non -automatic (LNA) import license systems, and will also improve the comprehensive import monitoring system (SIMI) and incorporate convenience and traceability.
Except for energy, capital and drug projects, the rest are controlled by imports, and many Argentina importers are worried that they cannot continue the original business. Many suppliers stop supplying to Argentina. The importers may increase the price of goods to reduce market demand. Maintain inventory.
Recently, Argentina Customs began to rectify the violations of import and export trade. The rectification operation mainly involved the price behavior of falsely reporting goods in import and export trade, such as low export invoices and high opening invoices. The first round of rectification operations involved 13,640 businesses and 722 companies. The total offshore price of goods is about 1.25 billion US dollars.
Forbidden letter of credit, another national foreign exchange reserves bottom! Shipment must be cautious!
In addition, in the direction of small trade and cross -border e -commerce, recently, the Argentine government passed the resolution No. 5260/2022 that the limit for purchasing goods overseas through express delivery will be reduced from $ 3,000 to $ 1,000. The measures have been implemented on September 23, including natural and legal persons, which are supervised by the Argentine Federal Public Income Administration (AFIP).
In this case, the new regulations are suitable for those who are used through express services "for individuals or legal persons, consisting of no more than 3 similar products without more than 3 kinds of similar products, no business purposes, the total weight of the mail does not exceed 50 kg, and the offshore price (FOB) does not exceed more than more Inbound postal parcels of 1,000 US dollars.
It is understood that the measures have previously stipulated that the total amount does not exceed 3,000 US dollars, and now it will be reduced to $ 1,000; at the same time, it has also modified Article 7 of the consumption import and export of simplified forms. From now on, "the offshore price of each sender's exported goods must not exceed 3,000 US dollars." The offshore price of imported goods imported by the same recipient must not exceed 1,000 US dollars, and the total weight must not exceed 50 kg.
In addition, goods that can be made from overseas stails include food, clothing, toys, technology products, decorations, etc. It should always ensure that it is used for individuals rather than commercial use. The total weight does not exceed 50 kg and not more than 1,000 US dollars.
After this set of combinations, the risk of exporting Argentina in Chinese companies has been a lot higher.
The rapid depreciation of the Argentine Peso exchange rate will superimposed foreign exchange control, which will cause the cost of local buyers to increase sharply, and it cannot even pay the US dollar. Buyers may refuse the goods or arrears.
Gutres said that civilians are paying a great price due to conflict. He called on all parties to abide by international humanitarian laws, protect civilians, and allow humanitarian rescue supplies to be distributed quickly and uninterrupted to all those in need.
Gutres reiterates that the United Nations will support the African Union to end the Ethiopian conflict in all possible ways.
On October 5th, the Ethiopian government and the "Tigre People's Liberation Front" successively stated that they were invited to accept peaceful negotiations from Africa. Since then, the peaceful negotiations originally scheduled to be held in South Africa on October 9 were delayed due to unknown reasons and have not been held so far.
Forex bottom, prohibit import 38 products
The Ministry of Finance-Ethiopia (MOF) announced on October 4 that banks were banned from issuing a letter of credit when importing 38 products. The reason was "insufficient domestic foreign exchange, and foreign exchange should be kept to preferential imported product products items. These products are non -preferential imported products. "
Therefore, this policy shows that the Ethiopian's foreign exchange is insufficient, and the government must force the government to force the order of foreign exchange.
The list of 38 items is as follows:
1. Mouth gum; 2. Chocolate; 3. Biscuits; 4. fruit juice, canned fruits, jams, potato chips, tomatoes; 5. Water, including mineral water, soda and other alcoholic drinks; 6. whiskey, red wine, beer And other alcoholic drinks; 7. Cigarettes; 8. Perfume; 9. Cosmetics; 10. Soap; 11. Fireworks; 12. Bags and wallets; 13. Calendar; 15. Pictures; 16. Hat; 17. 17 . Artificial flowers; 18. Sending and wigs; 19. Artificial Jewelry; 20. Vehicle imported vehicles, tricycles (except for electric vehicles); 21. Vehicle imported locomotive (but except for electric vehicles); 22. bicycle; 23. Household and office furniture (except for special design chairs); 24. Salt; 25. Video game; 26. Clocks; 27. Umbrella; 28. Carpet; 29. Fish, sardines and other aquatic products; 32. Packaged food (except for milk, children and infant food); 33. Pottery, porcelain and kitchen supplies; 34. Gas igniter; 35. Model; 37. Glass glass, ashtray; 38 vases, frames.
It is reported that the list of prohibited imports from imported products was studied and announced by the Ethiopian Customs Commission in accordance with the direction determined by the National Macroeconomic Commission, because these products are not prioritized to import products and need to retain sufficient foreign exchange for priority imported products. National Bank of Ethiopia also said that these products are the main reasons for the flood of the black market.
It is estimated that the prohibited imports (excluding vehicles) will save the country's annual foreign exchange of $ 1.-150 million.
The country's foreign exchange is obviously insufficient. If your product is within the above list, please pay special attention to the risk of receiving.
Forbidden letter of credit, another national foreign exchange reserves bottom! Shipment must be cautious!
Earlier, Argentina's foreign exchange reserves bottomed out! Shipment must be cautious!
British media reported on the 8th that Argentina will further strengthen import supervision to reduce foreign exchange reserves. Reuters reported on the source of Argentina that day as a source of sources that the Argentine government's new measures to strengthen import supervision include::
Will the import application scale of the certification importer conform to its financial resources;
It is required that importers can designate a bank account to engage in foreign trade;
The time to request importers to buy money from the central bank to reserve currency is more accurate.
It is reported that the Argentine government will announce the details of the measures in the next few days, and the relevant measures will be effective on October 17. The report quoted relevant sources as saying that the new measures will "order order" to the import system to avoid irregular behaviors.
In view of the limited US dollar reserve of the Argentine central bank, the government hopes to ensure that the dollar is used to help improve domestic production. According to data provided by the Argentine Central Bank on the 6th, Argentina's existing US dollar reserves 36.55 billion US dollars.
Reuters quoted a source that in Argentina, the importer exchanged the US dollar to the central bank at an official exchange rate, and the US dollar's exchange rate against Argentina's Bagossole market was 88%higher than the official exchange rate in certain trading markets. Excessive or repeated request for the official exchange quota.
This year, Argentina has been committed to saving the bottom foreign exchange reserves through the control of imports. In addition to limited foreign exchange, Argentina also faces severe inflation. A large number of consumer goods in the country rely on imports. The country's input inflation is higher, and the sharp depreciation of the currency has further exacerbated the pressure of input inflation. In order to prevent malignant inflation, the central bank of Argentina sells the US dollar every day to avoid the devaluation of the peso, but it does not play any effect. Argentina has now become one of the worst inflation areas worldwide.
A survey results released by the Argentine Central Bank on the 6th show that they predict that Argentina's annual inflation rate may reach 100.3%this year, 5.3 percentage points higher than the previous forecast; 84.1%.
In June, the Argentine Central Bank issued Announcement No. 17532, which will expand the application of imported foreign exchange control measures to the import and financing system of services and non -automatic license products, from 3 months to September 30 this year.
On September 28, when Argentina Economic Minister Massa submitted the 2023 budget bill to the Afghanistan, there were many ridiculous phenomena that criticized the current automatic license import system, and announced that the new foreign trade system will be launched on the 30th of this month.
Regarding the new import control measures, the minister stated that it will focus on automatic (LA) and non -automatic (LNA) import license systems, and will also improve the comprehensive import monitoring system (SIMI) and incorporate convenience and traceability.
Except for energy, capital and drug projects, the rest are controlled by imports, and many Argentina importers are worried that they cannot continue the original business. Many suppliers stop supplying to Argentina. The importers may increase the price of goods to reduce market demand. Maintain inventory.
Recently, Argentina Customs began to rectify the violations of import and export trade. The rectification operation mainly involved the price behavior of falsely reporting goods in import and export trade, such as low export invoices and high opening invoices. The first round of rectification operations involved 13,640 businesses and 722 companies. The total offshore price of goods is about 1.25 billion US dollars.
Forbidden letter of credit, another national foreign exchange reserves bottom! Shipment must be cautious!
In addition, in the direction of small trade and cross -border e -commerce, recently, the Argentine government passed the resolution No. 5260/2022 that the limit for purchasing goods overseas through express delivery will be reduced from $ 3,000 to $ 1,000. The measures have been implemented on September 23, including natural and legal persons, which are supervised by the Argentine Federal Public Income Administration (AFIP).
In this case, the new regulations are suitable for those who are used through express services "for individuals or legal persons, consisting of no more than 3 similar products without more than 3 kinds of similar products, no business purposes, the total weight of the mail does not exceed 50 kg, and the offshore price (FOB) does not exceed more than more Inbound postal parcels of 1,000 US dollars.
It is understood that the measures have previously stipulated that the total amount does not exceed 3,000 US dollars, and now it will be reduced to $ 1,000; at the same time, it has also modified Article 7 of the consumption import and export of simplified forms. From now on, "the offshore price of each sender's exported goods must not exceed 3,000 US dollars." The offshore price of imported goods imported by the same recipient must not exceed 1,000 US dollars, and the total weight must not exceed 50 kg.
In addition, goods that can be made from overseas stails include food, clothing, toys, technology products, decorations, etc. It should always ensure that it is used for individuals rather than commercial use. The total weight does not exceed 50 kg and not more than 1,000 US dollars.
After this set of combinations, the risk of exporting Argentina in Chinese companies has been a lot higher.
The rapid depreciation of the Argentine Peso exchange rate will superimposed foreign exchange control, which will cause the cost of local buyers to increase sharply, and it cannot even pay the US dollar. Buyers may refuse the goods or arrears.