Economy
NBE to Auction 140 Million US Dollars as Bank Demand
BirrMetrics · 7 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
The National Bank of Ethiopia will auction 140 million US dollars to commercial banks on November 10, 2026, maintaining its expanded foreign exchange supply programme after demand exceeded available allocations in previous auctions.
- The National Bank of Ethiopia announced plans to auction 140 million US dollars to commercial banks on Tuesday, 10 November 2026.
- The upcoming auction is the 32nd foreign exchange sale conducted by the central bank.
- In the previous auction on 27 October, 30 commercial banks submitted bids worth 150.83 million US dollars against an available allocation of 140 million US dollars, leaving excess demand of 10.83 million US dollars.
- Commercial banks will submit bids through the Central Securities Depository (CSD)-Based Foreign Exchange Auction System between 10 a.m. and noon, with results announced at 3 p.m.
- The forthcoming sale is the third under the NBE's October–December 2026 programme, which totals 840 million US dollars across six foreign exchange sales.
- The weighted average exchange rate of successful bids in the 27 October auction stood at 159.7014 birr per US dollar, while the marginal exchange rate was 158.1820 birr per dollar.
- Three additional sales of 140 million US dollars each are scheduled for 24 November, 8 December, and 22 December 2026.
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