Following its ranking as the third weakest global currency in 2025, the Ethiopian birr has shown a slight appreciation against major currencies, driven by National Bank of Ethiopia interventions to stabilize the foreign exchange market.
Building on its challenging 2025 performance—with over 15% depreciation against the US dollar and a third-place ranking among weakest currencies per Bloomberg—the Ethiopian birr has begun a gradual strengthening. The National Bank of Ethiopia's targeted actions have calmed the foreign exchange market, fostering stability and preventing sharp fluctuations, as reported by Addis Fortune.
This shift signals broader monetary policy adjustments amid ongoing economic pressures, including debt restructuring efforts. While no specific appreciation figures were provided, the development boosts market confidence and underscores the central bank's pivotal role in navigating Ethiopia's financial uncertainties.
