US EditionNBE’s FX Auction Sets Rate at 136.6 Birr per USD – Ethiopian Monitor
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NBE’s FX Auction Sets Rate at 136.6 Birr per USD – Ethiopian Monitor
The National Bank of Ethiopia (NBE) said its latest foreign exchange auction drew bids with an average rate of over 136.6 Birr per US dollar. Fifty million USD was put on offer for commercial banks that took part in the forex auction on Thursday morning. The Central Bank disclosed the results in the afternoon, stating that the weighted average rate of all successful bids was 136.6286 per US dollar. The figure is 1.6667 birr more than the average…
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