Africa
EthiopiaEthiopia's National Bank offers USD 140 million in foreign exchange auction
The National Bank of Ethiopia is conducting its 31st foreign exchange auction, making USD 140 million available to commercial banks.
Background
Ethiopia faces a persistent foreign currency shortage, impacting its economy and ability to import essential goods. The National Bank regularly intervenes through auctions to manage this scarcity. This situation is part of broader economic challenges and internal conflicts within the country.
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Ethiopia's National Bank offers foreign exchange at auction
First report 17h agoLast update 17h ago1 takes 1
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started 17h ago•Last update 17h ago
The National Bank of Ethiopia is conducting a foreign exchange auction with specific amounts and timelines.
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