Birr exchange rate and forex
The birr since it was floated in July 2024: official and parallel exchange rates, National Bank of Ethiopia forex rules, remittances and dollar supply.
Related: Fuel and food prices · IMF, debt and economic reform · Foreign investment and privatisation · Banks and the stock exchange · Coffee, exports and trade
Latest stories
Ethiopian Deposit Insurance Fund collects 2.61 billion birr in Q1 premiums
The Ethiopian Deposit Insurance Fund collected 2.61 billion birr in annual premiums from member financial institutions during the first quarter of the 2026/27 fiscal year, meeting 100 percent of its target and rising 25.48% year-on-year due to growing deposits.
Ethiopian Deposit Insurance Fund records 2.6 billion birr in Q1 premiums
The Ethiopian Deposit Insurance Fund collected 2.61 billion birr in annual premiums during the first quarter of the current fiscal year, a 25.48 percent increase from the same period last year. The state-owned Commercial Bank of Ethiopia drove nearly half of the collections, bringing the fund's total accumulated premiums to 26.03 billion birr.
Awash Bank posts 38.3 billion birr pre-tax profit, up 49%
Awash Bank reported a pre-tax profit of 38.3 billion birr for the 2018 Ethiopian fiscal year, up 12.6 billion birr or 49%. Total assets reached 624 billion birr, deposits 469.3 billion birr and gross income 84.6 billion birr, up 31%. The bank earned more than $2.6 billion in foreign currency and paid 15.77 billion birr in income tax.
26 natural-gas city buses enter service, PM Abiy says
Prime Minister Abiy Ahmed said 26 city buses running on natural gas have started service, after months of work moving gas to Addis Ababa, building filling stations and converting buses. He said the switch will save foreign currency spent on fuel and could halve fares, and that 400 more gas buses are due to arrive soon.
Dashen Bank reports 15.2 billion birr pre-tax profit
Dashen Bank told shareholders it made a pre-tax profit of 15.2 billion birr last fiscal year, with total assets of 350 billion birr, deposits of 280 billion birr and $1.4 billion in foreign currency earned. The bank has more than 900 branches and 1,200 ATMs, and paid 3.4 billion birr in tax.