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Central Bank Reintroduces Foreign Exchange Auctions with a Modest Amount

Nov 20 , 2025

Central Bank Governor Eyob Tekalegn (PhD) has resumed foreign currency auctions for commercial banks, with an initial offering of 520 million dollars.

These auctions are projected to occur bi-weekly, consistent with prior practices, with individual auction amounts ranging from 50 million to 70 million dollars. The initial month of auctions in December will feature the lowest disbursement of the season, with two disbursements totalling 100 million dollars.

From January through March, a monthly injection of 140 million dollars will be provided to the banking industry.

In the most recent auction held on October 14, the National Bank of Ethiopia (NBE) disbursed 150 million dollars, with 31 banks acquiring foreign currency at an exchange rate of 148.1 Br to the dollar. A comparable auction in August this year saw 150 million dollarz allocated to 28 banks, at an exchange rate of 138.2 Br per dollar.

The trend of depreciation of the Birr over every auction as the July's auction was sold to 11 banks, with the volume of 50 million dollars at 136.6 Br.

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