CBE disburses $1.3 billion in FX in six weeks

Addis Ababa, August 17, 2025 (FMC) — The Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, confirmed that it has released more than $1.3 billion in foreign exchange since July 1, 2025.

In a statement sent to Fana Media Corporation, the Bank said the allocations reflect its central role in meeting Ethiopia’s foreign currency demands and in supporting the national economy by ensuring a steady supply of foreign exchange to its customers.

On August 16, the Bank approved all pending applications from clients, authorizing foreign exchange transactions worth $420.4 million to cover a wide range of needs. Together with allocations made since July 29, the total approvals reached $541.4 million, benefiting 1,140 customers, CBE’s statement said

These disbursements are in addition to CBE’s routine daily provisions of foreign exchange for priority imports and services, including fuel, fertilizer, and other essential payments, it was indicated.

Altogether, the Bank confirmed that it has provided $1.34 billion in foreign exchange for trade and service payments over the past six weeks.

The Commercial Bank of Ethiopia reaffirmed its commitment to continue responding to customer demand and supporting the country’s strategic sectors through regular foreign exchange provisions.