Why NBE’s Gold Buying Rate Has Risen Sixfold
The National Bank of Ethiopia’s buying rate for 24-karat gold reached Br23,776 per gram on August 31, 2026, up from Br3,865 in January 2024. The increase of Br19,911 per gram—or 515 percent in less than three years—is striking even in an economy accustomed to rapidly changing prices. But the rise is not simply a gold...