CBE, Dashen, and Awash Intensify Competition to Win Forex-Hungry Clients

As reported by Addis Insight

Summary

• CBE, Dashen Bank, and Awash Bank are intensifying competition to serve forex-hungry customers as Ethiopia's foreign exchange landscape stabilizes. In July 2025, Dashen disbursed $112.6 million USD in foreign exchange, while Awash provided $125 million USD, with an additional $110 million allocated for August.
• The competition reflects improved FX availability following reforms and supports better rates and service for businesses and remittance recipients.
• BirrValue review: Compare buying and selling rates across CBE, Awash, Dashen, and other banks on BirrValue—competition means rates can vary. Check before sending or converting.