The National Bank of Ethiopia (NBE) announced that it’s yesterday’s June 19, 2025 foreign currency auction resulted in a weighted average exchange rate of 136.6286 Birr per US dollar.
A total of $50 million was offered to participating commercial banks during the Thursday morning auction. According to the central bank’s official release later that day, 11 banks were allocated their requested forex amounts.
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The latest rate reflects an increase of 1.6667 Birr compared to the average rate from the previous auction held two weeks ago, when a dozen banks successfully secured similar dollar allocations.
This marks the NBE’s eighth bi-weekly forex auction as part of its ongoing effort to manage exchange rate trends and promote external stability.
The central bank plans to hold its next auction in two weeks, with the exact date and time to be announced in advance.
