Home MoneyBanks Egypt to keep using Interbank Market “in Coming Period” – C. Bank Governor

Egypt to keep using Interbank Market “in Coming Period” – C. Bank Governor

by Yomna Yasser

Egypt’s central bank will continue using the interbank market “in the coming period” alongside regular dollar auctions, the bank’s governor Hisham Ramez told Reuters on Sunday after announcing the sale of $420 million through the market.

Egypt typically holds dollar auctions of $40 million every Sunday, Monday, Wednesday and Thursday.

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