Dollar Demand Rebounds as Banks Bid 152 Million US Dollars in Latest FX Auction
According to Birr Metrics, Dollar Demand Rebounds as Banks Bid 152 Million US Dollars in Latest FX Auction staff writer October 13, 2026 Commercial banks submitted bids totalling 152.09 million US dollars in Ethiopia's latest foreign exchange auction, exceeding the 140 million US dollars allocated by the National Bank of Ethiopia (NBE) and reversing two consecutive auctions in which demand had fallen below the amount offered.
What happened
Dollar Demand Rebounds as Banks Bid 152 Million US Dollars in Latest FX Auction staff writer October 13, 2026 Commercial banks submitted bids totalling 152.09 million US dollars in Ethiopia's latest foreign exchange auction, exceeding the 140 million US dollars allocated by the National Bank of Ethiopia (NBE) and reversing two consecutive auctions in which demand had fallen below the amount offered.
Why it matters
No verified analysis is available for this report.
What to watch
No source-supported next development has been confirmed for this story.
NEXT🇪🇹🇬🇭 Ghanaian President Says Ethiopia’s Megech Dam Offers Africa a Blueprint for Transformational DevelopmentAccording to Fana Media Corporation (FMC), 🇪🇹🇬🇭 Ghanaian President Says Ethiopia’s Megech Dam Offers Africa a Blueprint for Transformational Development On…MARKETSEthiopia’s securities exchange adds ninth trading member as market expandsAccording to BusinessDay, Share Ethiopia’s securities market has added another licensed intermediary: PrizeWorth Investment Bank S.C. has joined the Ethiopian…
ENERGYFuel Stations Barred From Switching Distributors Without Contractual ClearanceAccording to Birr Metrics, Fuel Stations Barred From Switching Distributors Without Contractual Clearance Yared Seyoum October 23, 2026 Federal Democratic…
POLITICSDangote unveils $50bn Africa investment plan, acquires 25% stake in Kenya pipeline network - ThisDay.com.ngAccording to ThisDay, News Dangote unveils $50bn Africa investment plan, acquires 25% stake in Kenya pipeline network 20 hours ago by todaynews “Just let me…