Ethopia: Central bank unveils $175 million sale to fund fuel imports via foreign exchange market

Addis Abeba –In an effort to address upcoming fuel-related import payments, the National Bank of Ethiopia (NBE) has announced the allocation and sale of $175 million to the foreign exchange market.

According to the NBE, these funds are intended to meet the foreign exchange requirements of the Ethiopian Petroleum Supply Enterprise (EPSE), the country’s principal importer of fuel and related products.

“Ethiopia’s foreign exchange reform has made a…