NBE Allocates $140 Million as Banks Bid for $150.83 Million

According to Birr Metrics, NBE Allocates $140 Million as Banks Bid for $150.83 Million in Latest FX Auction Yared Seyoum October 27, 2026 The central bank's 31st foreign exchange auction attracted bids from 30 commercial banks, with 28 securing allocations at a weighted average rate of 159.7014 birr per US dollar. The National Bank of Ethiopia (NBE) has allocated 140 million US dollars to commercial banks in its latest foreign exchange auction, meeting nearly 93 percent of the total demand submitted by participating lenders as the central bank continues its scheduled dollar sales under the country's market-based exchange rate system.