Central Bank Sells $100 Mln at 157 Birr in Latest Forex Auction
Demand for foreign currency at Ethiopia’s latest central bank auction eased from the previous sale, with commercial banks bidding for 160.5 million US dollars against 100 million US dollars on offer, the National Bank of Ethiopia (NBE) said on Wednesday. The auction cleared at 157 birr per U.S. dollar, with the marginal rate, weighted average...