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News - Financial

National Bank of Ethiopia (NBE) rolls out bi-weekly forex auctions as reserves surge 200%

Apr 08, 2025
National Bank of Ethiopia (NBE) rolls out bi-weekly forex auctions as reserves surge 200%

- This decision aims to allocate a portion of the foreign exchange accumulated at the NBE to the private sector.

- The auctions will continue at least until the end of the current fiscal year

further disclosed that an agreement had been reached to make bank-imposed commission fees and service charges more reasonable