Birr remains stable as banks coordinate positions

Kiswahili

One month after initial appreciation driven by central bank efforts, the Ethiopian birr continues to hold steady, with commercial banks aligning their strategies to support currency resilience, according to Addis Fortune.

Following the Ethiopian birr's slight strengthening in late 2025—after ranking as the third weakest global currency with over 15% depreciation against the US dollar—the currency has maintained its value into early 2026. Banks are now 'closing ranks,' adopting a coordinated approach that bolsters stability amid ongoing economic pressures and monetary policy adjustments by the National Bank of Ethiopia.

This development, reported by Addis Fortune, Ethiopia's leading English-language business weekly, enhances market confidence and highlights the banking sector's role in sustaining the central bank's stabilization initiatives. While specific exchange rate figures for this period are unavailable, the birr's resilience underscores progress in addressing Ethiopia's foreign exchange challenges.

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