Algeria: Transfer of local sales takes 2 to 3 months. Funds eligible for remittance only consist of flown revenue – not sales, not MCO's/PTA's, not penalties for no shows, not revenues from holiday packages, etc. Airlines cannot repatriate the ticket taxes they have collected on sales made in Algeria but relating to overseas destination points, which they need to pay outside Algeria. Read more
Angola: There is a general lack of foreign exchange and repatriation procedures are cumbersome. IATA is investigating the possibility of ICCS and the ability of airlines to make payments in local currency.
Eritrea: There is a general lack of foreign exchange in Eritrea. IATA Currency Coordination is checking on the possibility of paying for local charges in local currency. We will continue to liaise with the affected carriers and the Country Manager East Africa on possible approaches to alleviate the situation.
Ethiopia: There is a lack of hard currency, as well as, cumbersome repatriation procedures. A local airline committee co-chaired by Kenya Airways and KLM, has put forth the goals of the ability to open USD bank accounts, 100% repatriations before checks and eliminating remittance delays. IATA has had several meetings with the National Bank of Ethiopia regarding these goals and will continue to follow up. Read more
Iran: Aside from sanctions there are no further issues in Iran at this time.
Iraq: Iraq is not a problem at this time; however there is concern as use of local currency grows, that it may become an issue. Read more
Libia: Repatriation times have decreased to an average of 2 months, dropping Libya off the list of ICWG countries. Any carriers experiencing delays are encouraged to contact the Civil Aviation Authority Directly. Read more
Malawi:There is a general lack of foreign currency in Malawi. ICCS was implemented in September of 2009 and receives funds from the BSP on average 40 days after the BSP settlement date. The airlines have confirmed that the situation in Malawi is better with ICCS than without ICCS, however IATA must continue to push the BSP Clearing Bank for further improvements.
Nigeria: In Nigeria, Airlines were experiencing cumbersome repatriation procedures resulting in delays of 4 to 5 months. ICCS was implemented in March on a pilot basis subject to review by the NCAA in May. Carriers using ICCS in Nigeria must submit an audit statement to the NCAA every three months. If this is not received then the BSP will withhold funds until the correct documentation has been received.
Sudan: There is a general lack of foreign exchange in Sudan. A letter was sent to the Central Bank of Sudan by IATA on 17 June requesting the allocation of hard currency toward airline applications for repatriation. IATA is continuing to follow up with the Central Bank.
Syria: The situation has improved in Syria and funds are received in less than 2 months, dropping Syria off the list of ICWG countries. As of 1 May, sales in both USD and SYP became effective and the BSP amended settlements to include both.
Venezuela: IATA has had many high level meetings with the Central Bank (BCV) and CADIVI since July 2009 resulting in increased approvals since that time. Read more