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News - Financial

NBE Allocates $455.29 Million at 155.17 Birr/USD in Second $500 Million Special FX Auction

Feb 27, 2026
NBE Allocates $455.29 Million at 155.17 Birr/USD in Second $500 Million Special FX Auction
  • National Bank of Ethiopia allocated $455.29 million in second $500 million special FX auction.
  • Weighted average selling rate settled at 155.17 Birr per USD.

  • Highest accepted bid reached 156.30 Birr per USD.

  • Lowest accepted bid stood at 153.80 Birr per USD.

  • Auction conducted to supply foreign currency to commercial banks.

  • Follows earlier $500 million special FX auction in February 2026.

Why it matters?
The 155.17 Birr/USD settlement rate signals current interbank FX pricing and impacts import costs and liquidity conditions.