The National Bank of Ethiopia (NBE) has announced that it will conduct its eleventh foreign exchange auction of the year on Tuesday, December 2, 2025, offering $50 million to participating commercial banks. The auction is part of the central bank’s renewed commitment to running a predictable, bi-weekly FX auction system aimed at stabilizing the foreign exchange market and managing inflationary pressures.
In a formal notice issued Monday, the central bank underscored that the bi-weekly auctions remain a core instrument of Ethiopia’s gradual FX market reform efforts. The NBE has been emphasizing tighter monetary discipline, measured liquidity injection, and increased transparency in FX allocation as it works to restore macroeconomic stability amid persistent foreign currency shortages.
Banks Invited to Bid Under Strict Submission Window
The NBE has invited all eligible commercial banks to submit their FX bids between 10:00 AM and 12:00 noon on Tuesday. Submissions will be accepted exclusively through the designated email address [email protected], and the results are scheduled to be announced at 3:00 PM on the same day.
Successful settlements will be executed by the end of the business day on December 2, 2025, signaling the central bank’s intent to maintain a rapid, time-bound cycle that reduces uncertainty for banks and businesses dependent on foreign currency.
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