The National Bank of Ethiopia (NBE) has announced the results of Foreign Exchange Auction No. 14, held today in Addis Ababa.
According to the central bank, the weighted average exchange rate of successful bids stood at Birr 154.8729 per US dollar, reflecting prevailing market conditions under Ethiopia’s ongoing foreign exchange reform framework. A total of 32 commercial banks secured foreign currency allocations through the auction.
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The NBE confirmed that the next foreign exchange auction is scheduled to take place in two weeks, in line with its published auction calendar.
Foreign exchange auctions remain a key policy tool in Ethiopia’s transition toward a more market-based exchange rate system, aimed at improving transparency, liquidity, and price discovery in the FX market.
