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October, 2026
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National Bank to Inject $140 Million into Banking System in Latest FX Auction（https://birrmetrics.com/national-bank-to-inject-140-million-into-banking-system-in-latest-fx-auction/）
Yared Seyoum（https://birrmetrics.com/author/yared/）
October 26, 2026
The October 27 sale marks the central bank’s 31st foreign exchange auction, as scheduled dollar allocations continue under the market-based exchange rate framework.
The National Bank of Ethiopia (NBE) will offer 140 million US dollars to commercial banks on Tuesday, October 27, in its latest foreign exchange auction, continuing its programme of scheduled dollar sales under the country’s market-based exchange rate system.
The auction, the 31st conducted by the central bank, was announced on Monday, October 26, as part of the regulator’s foreign currency allocation mechanism introduced following the exchange rate reforms of July 2024.
According to the central bank’s notice, participating banks will submit their bids through the CSD-Based Foreign Exchange Auction System between 10 a.m. and noon on Tuesday.
The NBE is scheduled to announce the auction results at 3 p.m., with settlement expected by the end of the same day.
The latest offering follows the central bank’s decision to increase the size of its regular foreign exchange auctions to 140 million US dollars during the second quarter of the 2026/27 Ethiopian fiscal year.
Under the schedule announced for October through December, the NBE plans to conduct six auctions, each offering 140 million US dollars, bringing the total planned allocation for the quarter to 840 million US dollars.
The October 27 auction is the second scheduled sale of the quarter, following the October 13 auction. Further sales are scheduled for November 10 and 24 and December 8 and 22.
The programme forms part of the central bank’s efforts to supply foreign currency through a competitive bidding mechanism, allowing participating banks to submit exchange rate offers rather than receive allocations at an administratively fixed rate.
Ethiopia introduced a market-based foreign exchange regime on July 29, 2024, replacing a system in which the central bank exercised extensive control over the official exchange rate and foreign currency allocation.
The reform was accompanied by changes to foreign exchange regulations and formed a central component of the government's economic reform programme supported by international financial institutions, including the International Monetary Fund.