
Ethiopian Birr Strengthens Against USD at the latest NBE Auction
Ethiopia's latest foreign-exchange auction cleared at 158 birr per dollar, nearly 2 birr stronger than the rate recorded in a landmark $500 million sale last month, as demand cooled and banks sharply reduced participation ahead of the fiscal year-end. The results suggest easing pressure in the foreign-exchange market and growing confidence in price discovery following recent currency reforms.






















