The Central Bank of Egypt (CBE) offers US$ 50 million to local banks on Tuesday at its 15th FX auction, bringing the amount it offered since launching the new system to US$ 995 million.
The value of dollar hiked to EGP 6.75 (sell price) despite CBE’s attempts to reduce these hikes by decreasing the number of FX auctions to three days a week; instead of daily auctions.
The total amounts that CBE has offered in 15 FX auctions are as follows:
|
Date |
Value In Million US Dollar |
|
Sunday, December 30th, 2012 |
75 |
|
Monday, December 31th, 2012 |
75 |
|
Wednesday, January 2nd, 2013 |
75 |
|
Thursday, January 3rd, 2013 |
75 |
|
Sunday, January 6th, 2013 |
60 |
|
Tuesday, January 8th, 2013 |
60 |
|
Wednesday, January 9th, 2013 |
50 |
|
Thursday, January 10th, 2013 |
50 |
|
Sunday, January 13th, 2013 |
75 |
|
Tuesday, January 15th, 2013 |
75 |
|
Thursday, January 17th, 2013 |
75 |
|
Sunday, January 29th, 2013 |
75 |
|
Tuesday, January 22nd, 2013 |
75 |
|
Sunday, January 27th, 2013 |
50 |
|
Tuesday, January 29th, 2013 |
50 |
|
Total Value |
995 |
