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

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.

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…

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…

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…