NEWS: Ethiopia Clears Zijin’s USD 4bn Allied Gold Acquisition
NEWS: IMF Urges NBE Gold-Market Exit as Reserve Money Jumps 67%
NEWS: Ethiopia’s Capital Market Opens New Route Beyond Bank-Only Financing
NEWS: Chinese Firm Explores Coffee Industrial Park as Ethiopia Targets Value Addition
NEWS: AfDB Backs USD 110m for Ethiopia’s First Private Wind Farm
NEWS: AFC Assesses Financing for Addis Ababa’s 500,000-Home Programme
NEWS: Italy Explores Mgets Agricultural Mechanization
NEWS: NBE Removes Credit Cap, Reduces FX commission rate, Raises Policy Rate Amid Inflation Pressure
NEWS: Ethiopia Exports Hit Record USD 10.7bn, Beating Target by 14%
NEWS: OLA Energy Acquires Nearly 120 TotalEnergies Stations in Ethiopia
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