Ethiopia’s central bank allocated $70 million in foreign exchange at its latest auction.
Total bids from commercial banks exceeded $94 million, indicating strong demand relative to supply.
The marginal cut-off rate for successful bids was around Birr 154.78–154.92 per US dollar.
15 banks received foreign exchange allocations in this 15th auction under the current forex framework.
Bid offers ranged from Birr 153 to Birr 155 per dollar, showing price variation within the auction.
News - Financial
NBE sells $70 million at Forex Auction
