NBE Pumps Extra $340M into Banking System, Lifting Q2 FX Auctions by 68%

The National Bank of Ethiopia (NBE) has announced a substantial expansion of its foreign exchange auction schedule for the second quarter of the 2026/27 fiscal year. According to the announcement, the central bank is injecting an additional $340 million into the banking system, raising the total allocation for the quarter to $840 million. This represents a 68 percent increase in foreign exchange auctions compared to previous allocations. The funds will be distributed to commercial banks across six bi-weekly rounds starting on October 13, 2026. This measure aims to significantly boost foreign currency availability within the national financial system and address pressing market demands. The report was published by Capital Ethiopia and authored by journalist Eyasu Zekarias.