NBE FX Auction No. 18 cleared at 155.12 ETB per USD on latest auction date.
National Bank of Ethiopia offered USD 70 million in the auction.
Total bids reached USD 145.31 million, more than double supply.
31 commercial banks participated in the auction.
21 banks secured foreign exchange allocations.
Marginal cut-off rate set at 155.1200 ETB per USD.
Weighted average rate settled at 155.1223 ETB per USD.
Why it matters?
The foreign exchange auction results reflect ongoing demand pressure for hard currency in Ethiopia’s banking sector and indicate the birr’s official market rate under the NBE’s auction mechanism. Efficiency of FX distribution affects import financing and commercial bank liquidity.