- The Central Bank posted a bold buying rate of 152.576 Br on October 23, almost 8.3 Br higher than ZamZam Bank’s 142.65 Br low.
- On paper, a uniform two percent spread governs the market. In practice, a wide corridor, from 142.65 to 152.58 on the buy side, and from 145.51 to 153.81 Br on the sell side, betrays different appetites for risk and liquidity.
- Despite the range, averages remained stable at about 147.8 Br for buying and 150.7 Br for selling
- Without a fresh infusion of dollars, the rate could drift to 153 Br and 155 Br in the coming months
News - Financial
National Bank of Ethiopia’s (NBE) reference rate crossed 150 Br to the dollar
