The US dollar rose to an average of 134.95 Br in the seventh round of the National Bank of Ethiopia’s (NBE) foreign exchange auction held on June 5, 2025. This marks a steady increase from 133.17 Br in the previous round and 132.90 Br in the fifth. In the latest bi-weekly auction, the central bank offered 50 million dollars to 12 commercial banks. By comparison, 60 million dollars was supplied to 16 banks at 132.96 Br in early May. In April, two auctions distributed 70 million dollars to 26 banks at 131.49 Br and 50 million dollarsto 12 banks at 131.71 Br. February saw the highest rate of 135.61 Br, with 60 million dollars offered to 27 banks. The auctions are part of the NBE’s ongoing strategy to stabilise the exchange rate and improve dollar availability. While bank participation has recently declined, officials expect the programme to ease import-related pressures, support the private sector, and help maintain macroeconomic stability.
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