The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Monday at its 35th FX auction and the 19th one since the appointment of Hisham Ramez as governor of CBE.
The value of dollars offered at FX auctions under the leadership of Ramez reached US$ 815 million.
Ramez reduced the value of dollars offered at FX auctions as CBE was offering US$ 75 million, then US$ 50 million at two auctions and US$ 40 million at the latest auctions so as to ration the disbursement of foreign currency especially after foreign reserves fell to US$ 13.5 billion.
The values that CBE offered in FX auctions under the leadership of Hisham Ramez are as follows:
|
Date |
Offer Value |
|
Monday, February 4th, 2013 |
US$ 75 million |
|
Wednesday, February 6th, 2013 |
US$ 50 million |
|
Thursday, February 7th, 2013 |
US$ 50 million |
|
Monday, February 11th, 2013 |
US$ 40 million |
|
Wednesday, February 13th, 2013 |
US$ 40 million |
|
Thursday, February 14th, 2013 |
US$ 40 million |
|
Monday, February 18th, 2013 |
US$ 40 million |
|
Wednesday, February 20th, 2013 |
US$ 40 million |
|
Thursday, February 21st, 2013 |
US$ 40 million |
|
Monday, February 25th, 2013 |
US$ 40 million |
|
Wednesday, February 27th, 2013 |
US$ 40 million |
|
Thursday, February 28th, 2013 |
US$ 40 million |
|
Monday, March 4th, 2013 |
US$ 40 million |
|
Wednesday, March 6th, 2013 |
US$ 40 million |
|
Thursday, March 7th, 2013 |
US$ 40 million |
|
Monday, March 11th, 2013 |
US$ 40 million |
|
Wednesday, March 13th, 2013 |
US$ 40 million |
|
Thursday, March 14th, 2013 |
US$ 40 million |
|
Monday, March 18th, 2013 |
US$ 40 million |
|
Total Value |
US$ 815 million |
