NBE FX Auction Average Rate Rises to 161.8 Birr per Dollar
The weighted average exchange rate at the National Bank of Ethiopia’s latest foreign exchange auction rose to 161.7994 birr per US dollar, marking a return to a higher auction rate after the central bank’s June sales cleared at around 157-158 birr. The rate was 3.1 percent higher than the 157 birr weighted average recorded at...