See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Baseball
Natural Disasters
Stock Markets
Social Media
Tariffs
UK Economy
Taxes
Soccer
Donald Trump
Education
Senate
Artificial Intelligence
Published • loading... • Updated

Ethiopia: Central Bank Rolls Out Bi-Weekly Forex Auctions As Reserves Surge 200%

Summary by allAfrica
Addis Abeba -- The National Bank of Ethiopia (NBE) has announced the launch of bi-weekly foreign exchange auctions.

4 Articles

All
Left
Center
1
Right
allAfricaallAfrica
Center

Ethiopia: Central Bank Rolls Out Bi-Weekly Forex Auctions As Reserves Surge 200%

Addis Abeba -- The National Bank of Ethiopia (NBE) has announced the launch of bi-weekly foreign exchange auctions.

·South Africa
Read Full Article
Addis StandardAddis Standard

Central bank rolls out bi-weekly forex auctions as reserves surge 200% - Addis Standard

Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: NBE) Addis Abeba – The National Bank of Ethiopia (NBE) has announced the launch of bi-weekly foreign exchange auctions. According to the central bank’s statement, this decision aims to allocate a portion of the foreign exchange accumulated at the NBE to the private sector. The auctions will continue at least until the end of the current fiscal year. The introduction of bi-weekly auc…

Read Full Article
ethiopianmonitor.comethiopianmonitor.com

Central bank to hold Series of FX Auctions, starting Tuesday – Ethiopian Monitor

The National Bank of Ethiopia (NBE) is set to hold a series of regular foreign exchange auctions in the coming months in a bid to stabilize the country’s forex market. The central bank has allocated 50 million USD for the first of the upcoming auctions – scheduled for tomorrow, Tuesday, April 1st 2025. The National Bank announced its latest plan on Monday, stating foreign exchange auctions will be held every two weeks. “The auctions will be cond…

Read Full Article
Addis InsightAddis Insight

National Bank of Ethiopia to Launch Regular Foreign Exchange Auctions - Addis Insight

Addis Ababa, March 31, 2025 – The National Bank of Ethiopia (NBE) has announced the launch of a bi-weekly foreign exchange auction system aimed at strengthening the country’s foreign exchange market and supporting macroeconomic stability.Starting April 1, 2025, the central bank will conduct foreign exchange (FX) auctions every two weeks, providing the private sector with greater access to hard currency. The initial auction will offer $50 million…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Addis Insight broke the news in on Monday, March 31, 2025.
Sources are mostly out of (0)

Similar News Topics

Africa

Africa

Addis Ababa

Addis Ababa

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
SearchBlindspotLocal