IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2009 | Removal date: open ended
Still in force

Competitive devaluation

According to numerous and consistent press reports, the National Bank of Ethiopia has repeatedly intervened to devalue its national currency since the end of 2008. Since October 2008, the interventions amounted to a total of 25 percentage points.
 
In October 2008, the Birr lost 10 percent of its value against the US Dollar due to interventions in the foreign exchange market.
 
In July 2009, the Birr was devalued by 9.90 percentage points.
 
In the latest step, the Birr devalued a further 5 percent after a the macro-economic team chaired by Prime Minister Meles Zenawi made thedecision on January 30, 2010.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

012 Vegetables
0708 Leguminous vegetables, shelled or unshelled, fresh or chilled.
070810 Peas (Pisum sativum)
070820 Beans (Vigna spp., Phaseolus spp.)
0709 Other vegetables, fresh or chilled.
070993 Pumpkins, squash and gourds (Cucurbita spp.)
070999 Other
014 Oilseeds & oleaginous fruits
1207 Other oil seeds and oleaginous fruits, whether or not broken.
120740 Sesamum seeds
016 Stimulant, spice & aromatic crops
0901 Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion.
090111 Not decaffeinated
017 Pulses (dried leguminous vegetables)
0713 Dried leguminous vegetables, shelled, whether or not skinned or split.
071310 Peas (Pisum sativum)
071320 Chickpeas (garbanzos)
071340 Lentils
071350 Broad beans (Vicia faba var. major) and horse beans (Vicia faba var. equina, Vicia faba var. minor)
019 Forage; natural rubber; living plants; raw vegetable materials
0602 Other live plants (including their roots), cuttings and slips; mushroom spawn.
060210 Unrooted cuttings and slips
060220 Trees, shrubs and bushes, grafted or not, of kinds which bear edible fruit or nuts
060240 Roses, grafted or not
0603 Cut flowers and flower buds of a kind suitable for bouquets or for ornamental purposes, fresh, dried, dyed, bleached, impregnated or otherwise prepared.
060311 Roses
214 Prepared & preserved fruits & nuts
2008 Fruit, nuts and other edible parts of plants, otherwise prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit, not elsewhere specified or included.
200811 Groundnuts
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170113 Cane sugar specified in Subheading Note 2 to this Chapter
170114 Other cane sugar
170199 Other
282 Wearing apparel, except fur apparel
6110 Jerseys, pullovers, cardigans, waistcoats and similar articles, knitted or crocheted.
611019 Other
6203 Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear).
620319 Of other textile materials
620322 Of cotton
620329 Of other textile materials
620339 Of other textile materials
620342 Of cotton
620349 Of other textile materials
381 Furniture
9403 Other furniture and parts thereof.
940330 Wooden furniture of a kind used in offices
940350 Wooden furniture of a kind used in the bedroom
940360 Other wooden furniture
940389 Other
422 Tanks, reservoirs & containers of iron, steel or aluminium
7309 Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heatinsulated, but not fitted with mechanical or thermal equipment.
730900 Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heatinsulated, but not fitted with mechanical or thermal equipment.
444 Machinery for mining, quarrying & construction; parts
8704 Motor vehicles for the transport of goods.
870410 Dumpers designed for offhighway use
482 Instruments & control equipment, except optical instruments
9032 Automatic regulating or controlling instruments and apparatus.
903289 Other
491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870331 Of a cylinder capacity not exceeding 1,500 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc
8704 Motor vehicles for the transport of goods.
870421 g.v.w. not exceeding 5 tonnes
870422 g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes
870423 g.v.w. exceeding 20 tonnes
870431 g.v.w. not exceeding 5 tonnes
492 Motor vehicle bodies; trailers & parts thereof
8716 Trailers and semitrailers; other vehicles, not mechanically propelled; parts thereof.
871639 Other
871640 Other trailers and semitrailers
871690 Parts
496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
8803 Parts of goods of heading 88.01 or 88.02.
880390 Other

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