National Bank of Ethiopia Forex Auction Results

The National Bank of Ethiopia conducted a foreign exchange auction on October 13, 2026, allocating 140 million dollars against a total bid demand of 152.09 million dollars, representing an 8.6% oversubscription. A total of 26 banks received allocations during this session. Compared to the previous auction on September 23, total bids rose by 23.2% while supply increased by 12%. The weighted-average successful bid rate saw a slight decline from 160.22 Birr to 160.1 Birr, whereas the cut-off rate adjusted upward from 158.07 Birr to 158.17 Birr. The transaction implies gross settlement payments of approximately 22.42 billion Birr, which continues to absorb liquidity within the banking sector. Meanwhile, the interbank lending rate currently sits at 13%, remaining at the lower floor of the Central Bank’s 16% policy rate corridor.