NATIONAL BANK OF ETHIOPIA

WELCOME TO FEMoUS

The Foreign Exchanges Monitoring and Orchestration Unified System (FEMoUS), a web-based platform utilized by the National Bank of Ethiopia, and all financial institutions is designed to oversee foreign currency transactions, track foreign payment and receipt activities, and manage economic involved with foreign currencies.

FEMoUS facilitates various permits including Import, Export, Small Item Export, Franco-Valuta, and Invisible types. It also facilitates utilization tickets along with the registration processes for foreign direct investments, loans, supplier credits, and the licensing of businesses that handle foreign currencies.

Key Features of FEMoUS

Real-time Transaction Monitoring

Tracks all foreign exchange activities including import/export permits, loans, and forex transactions

Seamless Data Integration

Automates data exchange with Ethiopia’s Single Window and Customs Management systems

Automated Delinquency Status

Updates the status of importers and exporters based on utilization, eliminating the need for physical presence

Online Permit Management

FEMoUS manages all types of permits, including those related to imports, exports, Franco Valuta, Invisible transactions, and foreign direct investment (FDI)

Benefits for Stakeholders

Banks

FEMoUS enables commercial banks to input, monitor, and report foreign currency transactions with greater accuracy and ease. Banks can quickly check delinquent traders, access up-to-date data, and improve the efficiency of forex operations. This leads to better compliance with local and international standards, while reducing administrative burdens.

Importers and Exporters

Gone are the days of physical paperwork and long queues. With FEMoUS, businesses can handle their foreign exchange permits and transactions online, saving significant time and reducing errors. From registration to status updates, everything is now automated for convenience.

Ethiopian Economy

By providing a centralized, transparent platform for managing foreign currency inflows and outflows, FEMoUS enhances the stability of Ethiopia's foreign exchange reserves. It supports NBE’s mission to maintain financial stability and encourages the growth of international trade and investment.

Frequently Asked Questions

What is FEMoUS and how does it work?

FEMoUS is a web-based platform developed by the National Bank of Ethiopia to monitor and manage foreign currency transactions across banks, businesses, and government agencies. It automates the tracking of foreign payments, receipts, permits, and loan activities, providing real-time updates and enhancing transparency.

Who can use FEMoUS?

FEMoUS is accessible to various stakeholders including commercial banks, importers, exporters, and businesses involved in foreign direct investments (FDI) and forex transactions. Government institutions, such as the Customs Authority and Ministry of Revenue, are also integrated into the system.

What are the main benefits of using FEMoUS?

FEMoUS simplifies foreign exchange operations by automating key processes like permit applications, delinquency tracking, and forex transaction reporting. It reduces paperwork, speeds up approvals, and offers real-time monitoring, benefiting banks, businesses, and government agencies alike.

How does FEMoUS improve foreign exchange transparency and compliance?

FEMoUS enhances transparency by centralizing and automating the tracking of foreign currency transactions, including imports, exports, and loan activities. It integrates with key government systems like the Ethiopian Single Window and Customs Management System to provide real-time data. This allows for more accurate reporting, reduces manual errors, and ensures compliance with both national and international regulations, making it easier for stakeholders to adhere to forex policies.

Send Us A Message

Get In Touch

Address

Sudan St – Addis Ababa – Ethiopia

Email

FEMoUS@nbe.gov.et

Phone

6230