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Ethiopia Dollar Sales Over $2 Billion as Parallel Market Rate Surges

Ethiopia Dollar Sales Over $2 Billion as Parallel Market Rate Surges
Bloomberg Markets Tuesday 16 June 2026, 16:24 UTC By Ray Ndlovu 1 min read
Key Points

Currencies Ethiopia Dollar Sales Over $2 Billion as Parallel Market Rate Surges Ethiopia’s latest special auction has pushed dollar sales this year above the $2 billion mark, as authorities step up efforts to support the birr and narrow the gap between official and parallel-market exchange rates. The East African nation sold $100 million in a special auction on Tuesday, drawing bids worth $236 million, the National Bank of Ethiopia said in a statement posted on its X account.

Currencies Ethiopia Dollar Sales Over $2 Billion as Parallel Market Rate Surges Ethiopia’s latest special auction has pushed dollar sales this year above the $2 billion mark, as authorities step up efforts to support the birr and narrow the gap between official and parallel-market exchange rates. The East African nation sold $100 million in a special auction on Tuesday, drawing bids worth $236 million, the National Bank of Ethiopia said in a statement posted on its X account.
Ethiopia (LOCATION) East African (ORG) the National Bank of Ethiopia (ORG)
Originally published by Bloomberg Markets Read original →

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