NBE Concludes Special Foreign Exchange Auction

Addis Ababa, February 25, 2025 (FMC) – The National Bank of Ethiopia (NBE) today announced that it has concluded Special Foreign Exchange Auction.

In that regard, the central bank revealed the results of the Special Foreign Exchange Auction held today, February 25, 2024.

The Special FX Auction saw the participation of 27 banks. The weighted average rate of all successful bids was Birr 135.6185 per US Dollar.

It was indicated that the National Bank of Ethiopia welcomed the large number of participation in the auction and noted that the central bank may conduct additional sales foreign exchange sales if warranted and consistent with its price and external stability objectives.