Forex Auction Sets Average Rate at 138.2 Birr per USD – Ethiopian Monitor
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Forex Auction Sets Average Rate at 138.2 Birr per USD – Ethiopian Monitor
The National Bank of Ethiopia (NBE) on Tuesday held its first foreign exchange auction since mid-July, setting the average dollar value against the Birr at 138.25. The Central Bank put 150 million dollars on offer in the auction that attracted a significantly higher number of bids today. The weighted average rate of all successful bids was 138.2555 Birr for a dollar, the Bank said, announcing the results later. It also said a total of 28 banks r…
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