Home MoneyBanks CBE Offers US$ 75 Mln To Local Banks On Sunday FX Auction

CBE Offers US$ 75 Mln To Local Banks On Sunday FX Auction

by Administrator

The Central Bank of Egypt (CBE) offers US$ 75 million to local banks on Sunday at its 12th FX auction, with a maximum of US$11 million for each bank.

The total amount that CBE has offered since launching the new system in December 30th 2012 reached US$ 820 million.

CBE will conduct two auctions on Sunday and Tuesday and will cancel its auction on Thursday which will correspond with “Al-Moled Al-Nabawi” (Birthday of Prophet Mohammed) as it is an official public holiday.

The total amounts that CBE has offered in 12 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

Total Value

820

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