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Banks Placed $236m Ask in Latest Auction, 136pc Larger than Central Bank's Forex Allocation

Jun 17 , 2026

Commercial banks responded to the National Bank of Ethiopia's (NBE) resumed foreign exchange auction yesterday, June 16, 2026, with bids totalling 236.30 million dollars, more than double the 100 million dollars the Central Bank had placed on offer.

The auction was the first since the Central Bank cancelled its June 9 auction, marking the only time it has called off a forex session since the liberalisation of the exchange regime in August 2024. Of the 16 banks that bid, only eight secured allocations from the 100 million dollars on offer.

The weighted-average exchange rate settled at 158 Br for a dollar, 1.62 Br lower than the rate recorded at the previous auction. In total, bids exceeded available supply by 136pc.

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