diff --git a/packages/cli/src/commands/exchange/dollars.ts b/packages/cli/src/commands/exchange/dollars.ts
index df9755083ef..f540c89cd7d 100644
--- a/packages/cli/src/commands/exchange/dollars.ts
+++ b/packages/cli/src/commands/exchange/dollars.ts
@@ -41,6 +41,7 @@ export default class ExchangeDollars extends BaseCommand {
     await displaySendTx('approve', stableToken.approve(exchange.address, sellAmount.toFixed()))
 
     const exchangeTx = exchange.exchange(sellAmount.toFixed(), minBuyAmount!.toFixed(), false)
-    await displaySendTx('exchange', exchangeTx)
+    // Set explciit gas based on github.com/celo-org/celo-monorepo/issues/2541
+    await displaySendTx('exchange', exchangeTx, { gas: 300000 })
   }
 }
diff --git a/packages/cli/src/commands/exchange/gold.ts b/packages/cli/src/commands/exchange/gold.ts
index e528d83270c..4dcc2779d61 100644
--- a/packages/cli/src/commands/exchange/gold.ts
+++ b/packages/cli/src/commands/exchange/gold.ts
@@ -38,6 +38,7 @@ export default class ExchangeGold extends BaseCommand {
     await displaySendTx('approve', goldToken.approve(exchange.address, sellAmount.toFixed()))
 
     const exchangeTx = exchange.exchange(sellAmount.toFixed(), minBuyAmount!.toFixed(), true)
-    await displaySendTx('exchange', exchangeTx)
+    // Set explciit gas based on github.com/celo-org/celo-monorepo/issues/2541
+    await displaySendTx('exchange', exchangeTx, { gas: 300000 })
   }
 }