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Central Bank Restarts Foreign Exchange Auctions – Ethiopian Monitor
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Central Bank Restarts Foreign Exchange Auctions – Ethiopian Monitor
The National Bank of Ethiopia (NBE) says it is restarting its foreign exchange auctions on Tuesday, offering 150 million US dollars. The newly scheduled forex auction will be National Bank’s first operation in the 2025/26 Ethiopian fiscal year that began almost a month ago. The move comes as the forex inflows to the central bank “are continuing to increase” at the start of the fiscal year. Allocating part of “these higher-than-expected” forex pr…
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