The easiest way to stop black markets is to make them legal
Posted: 16 Oct 2022, 03:25
The easiest way to stop black markets is to make them white: Legalize, decriminalize, stop taxing excessively, or otherwise remove whatever it is sending those businesses underground to start with.
If the national bank is not competitive in giving good rate of exchange ,customers should be free to shop elsewhere.
Following the national bank's list of banned goods,the price of human hair has already gone up and contraband smugglers are gearing up for business.`in most cases ,luxury goods are paid for and imported by diaspora nationals (no LC from national bank) also pay exorbitant import duty .
Banning and criminalizing the importation of dangerous goods into the country should be the focus of the government .instead we have policy makers who are engaged in setting prohibitive import tax
and getting their hands on diaspora hard earned foreign currency.
Look at the state of the taxis in AA and the ludicrous import duty impeding ethiopian nationals who own car dealership businesses overseas from importing good quality cars into the country.
If the national bank is not competitive in giving good rate of exchange ,customers should be free to shop elsewhere.
Following the national bank's list of banned goods,the price of human hair has already gone up and contraband smugglers are gearing up for business.`in most cases ,luxury goods are paid for and imported by diaspora nationals (no LC from national bank) also pay exorbitant import duty .
Banning and criminalizing the importation of dangerous goods into the country should be the focus of the government .instead we have policy makers who are engaged in setting prohibitive import tax
and getting their hands on diaspora hard earned foreign currency.
Look at the state of the taxis in AA and the ludicrous import duty impeding ethiopian nationals who own car dealership businesses overseas from importing good quality cars into the country.