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CBE offers $75 million to Egyptian banks on Wednesday

Egypt's Central Bank (CBE) said it offered to sell $75 million to banks on Wednesday, Reuters reported.

The CBE's auction is the third such transaction since the implementation of a new currency policy on Saturday which is designed to preserve the country's critically-low foreign reserves.

By midday Wednesday, the pound has maintained its value versus the dollar trading at Tuesday's level of LE6.42 to the dollar.

 

Source: Ahram Online

2.1.2013
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    1
    German-Arab Chamber of Industry and Commerce
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    2
    British Egyptian Business Association
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    3
    French Chamber of Commerce in Egypt
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    4
    Delegation of the European Union to Egypt
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    5
    Italian Chamber of Commerce in Egypt
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