Africa
EthiopiaNational Bank of Ethiopia's $500M Foreign Exchange Auction Sees High Demand
The National Bank of Ethiopia's special foreign exchange auction for $500 million received a high demand of over $710 million from commercial banks, indicating strong market interest.
Quorum · collective opinions
National Bank of Ethiopia's Foreign Exchange Auction Sees High Demand
First report 21h agoLast update 21h ago1 takes 1
high demand foreign currencyneutralShow 1 post
started 21h ago•Last update 21h ago
The significant oversubscription in the foreign exchange auction indicates a strong demand for foreign currency within the Ethiopian economy.
iWitness comments
No comments yet — be the first to weigh in.