Key takeaways
- NBE sold $140 million in its 32nd foreign-exchange auction on November 10.
- Banks bid $156.73 million; 26 of 31 participating banks received allocations.
- The cut-off rose 0.64% to 159.1876 birr per dollar from 158.1820 on October 27.
- The weighted-average successful rate was almost unchanged: 159.7091 birr versus 159.7014 previously.
Why it matters
- Dollar bids exceeded the allocation by $16.73 million.
- The higher cut-off and nearly flat weighted average describe different aspects of auction pricing.
- Analysis: The result informs banks’ FX procurement costs; it does not establish a uniform retail exchange rate.
What to watch
- The next scheduled auction on November 24.
- Changes in bank participation, total bids and weighted-average pricing.
Source: StockMarket.et | 10 November 2026 | Original source
Image: AI-generated editorial illustration.