The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Thursday at its 37th FX auction and the 21st one since the appointment of Hisham Ramez as governor of CBE.
The value of dollars at FX auctions under the leadership of Ramez reached US$ 895 million.
This is the last FX auction to be conducted this week as Ramez decided to conduct these auctions on Mondays, Wednesdays and Thursdays only 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 |
|
Wednesday, March 20th, 2013 |
US$ 40 million |
|
Thursday, March 21st, 2013 |
US$ 40 million |
|
Total Value |
US$ 895 million |
