NBE Signals Shift Away From Regular FX Auctions as Banks Source More Dollars

According to Banks in Ethiopia, NBE signals a shift away from regular FX auctions as banks increasingly source foreign currency, with only 17% of last year's bank FX needs supplied by auctions. NBE Signals Shift Away From Regular FX Auctions as Banks Source More Dollars The National Bank of Ethiopia (NBE) is signaling a gradual shift away from regular foreign-exchange auctions as commercial banks increasingly obtain foreign currency through their own sources.