The National Bank of Ethiopia (NBE) has released an official notice dated August 19, 2026, announcing a special foreign exchange auction. The auction is scheduled to take place on Thursday, August 20, 2026.
According to the official announcement, the central bank is making $500 million available to the market. The NBE stated that this special auction is being conducted for monetary policy purposes.
Auction Operational Details
Participating financial institutions must adhere to the specific guidelines outlined by the NBE:
- Total Allotment: $500 Million
- Date of Execution: Thursday, August 20, 2026
- Submission Platform: CSD-Based FX Auction System
- Timeframe for Bids: 10:00 AM — 12:00 NOON
- Results Publication: 3:00 PM
- Financial Settlement: End of day, August 20, 2026
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