Addis Ababa, April 1, 2025 (FMC) – The National Bank of Ethiopia (NBE) revealed the results of the Foreign Exchange Auction held today.
It is to be recalled that the Ethiopian central bank has announced that it will be starting a regular series of foreign exchange auctions to be held every two weeks. The auctions will be conduct. over a period of several months and are intended to ensure continued stability in Ethiopia’s foreign exchange market, the central bank said in a statement issued this afternoon.
In light of the results of the auction, NBE said the weighted average rate of all successful bids was Birr 131.7095 per US Dollar and a total of 12 banks received foreign exchange allocations under the auction.
The next Foreign Exchange Auction will be conducted by NBE in two weeks and an announcement of the specific date and time will be made public one day prior to the auction date, according NBE’s statement.