The value in Birr of the operating loss the National Bank of Ethiopia (NBE) posted for the fiscal year ended June 30, 2025, compared to the 10.51 billion Br loss from the same period the previous year. A large exchange-rate adjustment is believed to have caused a repricing of the Central Bank's foreign assets and liabilities on its balance sheet. Central banks often carry large foreign-currency positions and policy-driven obligations. When exchange rates move sharply, reported profit can be dominated by revaluation mechanics rather than core operating performance.
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