Ethiopia's Central Bank Injects $150m Into Forex Market as Auctions Resume
BaseLine Team
04 Aug, 2025
The National Bank of Ethiopia (NBE) will inject $150 million into the country’s foreign exchange market tomorrow as it restarts its regular currency auctions.
The move comes amid stronger-than-expected forex inflows to the central bank at the start of the fiscal year, providing room for increased liquidity to commercial banks. The NBE says the injection is aimed at stabilizing the exchange rate and meeting business and individual demand for hard currency.
Foreign currency supply conditions are “robust,” according to the bank, with stepped-up allocations by commercial banks continuing since last year’s record inflows. The central bank signaled it will maintain periodic auctions to meet demand and support market stability.
Bids for the auction will be accepted between 10:00 a.m. and 12:00 noon on August 5, with results announced by 3:00 p.m. and settlement completed the same day.
