Egyptian banks offered $7.9bn since floatation

Cairo - Mubasher: The foreign currency transactions after the pound floatation between 3 November and 14 December reached $7.9 billion, according to the Central Bank of Egypt (CBE).

On 3 November, the CBE decided to float the local currency and to raise interest rates by 300 basis points.

Mubasher Contribution Time: 21-Dec-2016 18:28 (GMT)
Mubasher Last Update Time: 21-Dec-2016 18:28 (GMT)