Ethiopia’s FX Market Steadies NBE Foreign Exchange Auction Results Average Rate of 154.9207 Birr/USD
ADDIS ABABA, Ethiopia — The National Bank of Ethiopia (NBE) has concluded its 15th Foreign Exchange Auction with the highest bid recorded reached 155.00 Birr/USD, while the lowest bid stood at 153.00 Birr/USD. The auction saw robust engagement from the financial sector, with 21 commercial banks submitting bids totaling USD 94.7 million. Out of these, … Read more