Forex
NBE FX Auction Clears at Birr 154.87 as 32 Banks Secure Dollars
The National Bank of Ethiopia (NBE) has announced the results of Foreign Exchange Auction No. 14, held today in Addis...
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NBE Releases USD 150 Million in Special FX Auction for the First Time Since October
The National Bank of Ethiopia (NBE) has announced a USD 150 million special end-of-year foreign exchange auction, marking the first...
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Birr Depreciates to 154.4 per USD: 17 Banks Secure FX in 11th Auction
The Ethiopian Birr has continued its rapid slide against the US Dollar in the National Bank of Ethiopia’s (NBE) foreign...
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National Bank of Ethiopia Announces Quarterly FX Auction Schedule, Allocates USD 520 Million
The National Bank of Ethiopia (NBE) has released its official foreign exchange auction schedule for the remainder of the fiscal...
Read moreDetailsEthiopia Widens Crackdown on Illegal FX and Crypto Transfers, 112 Arrested
Ethiopian authorities have arrested more than 100 people and frozen over 500 bank accounts in a sweeping operation targeting illegal...
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Ethiopia’s FX Market Whiplash: Inside the Parallel Rate Spike, Bank Adjustments, and NBE’s $150M Firepower
In the span of just a few days, Ethiopia’s foreign exchange market went from chaos to crackdown and possibly, a...
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National Bank of Ethiopia Targets Illicit Forex Flows After $150M Auction
Just a day after injecting $150 million into the banking system through one of its largest foreign exchange auctions, the...
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