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Ethiopia: Dollar Bids Top 133 Birr At Latest Nbe Forex Auction
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NBE’s Forex Auction Sees Average Rate Set at 133.1715 Birr per USD – Ethiopian Monitor
The National Bank of Ethiopia’s latest foreign exchange auction saw banks bid an average rate of 133.1715 Birr per US dollar. Thursday’s auction was the Central Bank’s sixth operation of its kind since the launch of the new forex market system last July. In the latest round, the National Bank made 50 million US dollars available for participating commercial banks. The results announced on Thursday afternoon show 14 banks with a weighted average …
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