Africa
EthiopiaNational Bank of Ethiopia Forex Auction Hits Record 161.79 Birr Rate
The National Bank of Ethiopia's foreign exchange auction on August 12 cleared at a record rate of 161.7994 Birr per US dollar, reflecting high demand and volatility.
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National Bank of Ethiopia Forex Auction Hits Record 161.79 Birr Rate
First report 9h agoLast update 9h ago1 takes▼ 1
concern over birr pressurenegativeShow 1 post
started 9h ago•Last update 9h ago
The record exchange rate signals continued pressure on the Birr and highlights the competitive environment for foreign currency within the Ethiopian banking sector.
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