Africa
Ethiopia· ĀwashEthiopia's National Bank Forex Auction Sees $470M Demand Amid Currency Pressure
The National Bank of Ethiopia's 25th forex auction experienced a surge in demand, with bids reaching $470.17 million against an allocation of $125 million, highlighting intensifying pressure on foreign currency availability.
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NBE Forex Auction Demand Surges to $470 Million Amid Currency Pressure
First report 20h agoLast update 13h ago2 takes 1▼ 1
neutral exchange rate reportingneutralShow 1 post
started 13h ago•Last update 13h ago
Factual reporting on the daily USD/ETB exchange rates and best buy/sell offers from various banks.
concern over forex shortagenegativeShow 4 posts
started 20h ago•Last update 14h ago
The surging demand and high bid-to-allocation ratio in the forex auction highlight ongoing challenges for businesses and investors in securing hard currency through official channels.
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