Ethiopian Birr Weakens to 148.10 per Dollar in October 2025 NBE Forex Auction
October 14, 2025 | Ethiopian Capital Market
The National Bank of Ethiopia (NBE) has adjusted the
clearing rate in its latest foreign exchange auction to 148.10 birr per US
dollar, marking a 7.1% depreciation from the previous rate of 138.26
birr recorded on August 5, 2025.
According to the central bank, 31 commercial banks
participated in the October 14 auction as part of NBE’s continued efforts to stabilize
the foreign exchange market and ease liquidity pressures. The move
aims to improve forex availability for importers and key economic sectors
facing growing currency demand.
Indicative rates from major banks reflected slightly lower
levels on the same day. The Commercial Bank of Ethiopia (CBE) reported a
cash buying rate of 141.10 birr and a cash selling rate of 143.92
birr per US dollar, showing alignment with market trends.
This auction marks the tenth session since the
introduction of Ethiopia’s new forex trading system in August 2024,
designed to bring more transparency and efficiency to currency allocation. The
NBE emphasized that it will continue conducting such auctions regularly, with
schedules made public in advance.
The central bank also noted that rising foreign exchange
inflows this fiscal year have boosted its reserves, enabling more
active participation in the market to support price stability and exchange
rate management objectives.
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