Addis Ababa: The National Bank of Ethiopia (NBE) has announced the results of the Special Foreign Exchange Auction held today, February 25, 2024. The event witnessed active participation from 27 banks.
According to Ethiopian News Agency, the Special FX Auction resulted in a weighted average rate of Birr 135.6185 per US Dollar for all successful bids. The NBE expressed satisfaction with the high level of participation in the auction.
The central bank indicated that it might conduct additional foreign exchange sales. This decision will depend on necessity and align with its goals of maintaining price and external stability.