Customs Authority Seizes Smuggled Foreign Currency




Twenty-eight million Birr worth of foreign currency notes were confiscated last week. They were caught being smuggled from Addis Abeba to Adama.

The monies were seised while two individuals were trying to smuggle them out of Addis Abeba. The two individuals were arrested. The currencies included 765,234 dollars, 144,650 Durham, 908,167 Saudi Riyals and 7,538 Kuwaiti Dinars.

Another batch of currency about to be smuggled was seized at Babile earlier this year, according to Ahmed Ugas, deputy manager of the Ethiopian Revenues & Customs Authority (ERCA) at the Jijiga Branch.

These included 580,509 Saudi Riyals, 32,750 Durham, 1,851 Qatar Riyals. Another 31,664 dollars were caught at Wajala town this year.



Published on Jun 10,2018 [ Vol 19 ,No 946]


SHARE :
               


Editorial

With a reformist administration in charge of the executive, there has b...


Agenda

The new electricity tariffs that became effective on December 1, 2018,...


Fineline

Who it is that midwifed the rapprochement between E...


Commentary

Egyptian companies are about to sue the federal government over their i...


Viewpoint

A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


Opinion

The future is bleak. Millennials and younger generations who will inher...


View From Arada

There is heated debate on the propriety, decency and morality of breast...




Business Indicators




ADVERTISEMENT



Editors Pick















//