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Central Bank Cancels Forex Auction for First Time

Jun 9 , 2026

The National Bank of Ethiopia (NBE) has cancelled today’s foreign exchange (FX) auction, which was slated for a 100 million dollars allocation. This marks the first time of the Central Bank calling off an auction since the liberalisation of the forex regime in August 2024.

The Bank had issued a call to bidders yesterday for its fourth-quarter special forex auction. However, in a statement released today, June 09, 2026, the it announced that the auction had been canceled due to “unforeseen technical issues.” The statement declined to disclose the issue, but people knowledgeable of the market claim usually high bids made by banks could be the reasons.

This cancellation represents an unprecedented event in the forex auction history. In prior announcements, the Central Bank disclosed that a total of 200 million dollars had been allocated for the fourth-quarter auction window.

According to the revised schedule, the next forex auction is anticipated to take place on June 24.

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