Latest in Tag: Central Bank of Egypt Highlight

Advertising Area

Latest in Tag: Central Bank of Egypt

Egypt says to offer citizens abroad $2 bln in CDs

By Patrick Werr / Reuters CAIRO: Egypt will offer its citizens living outside the country $2 billion in three- and five-year certificates of deposit (CDs) within one or two weeks, the finance minister said on Wednesday. The CDs will carry an interest rate of “no more than 4 percent” and have maturities of three to five …


Egypt central bank tightens money transfer rules

CAIRO: Egypt’s central bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed to close a loophole that has allowed businessmen to shift capital abroad without bringing goods into Egypt. Egypt’s central bank has been spending about $2 billion in foreign reserves a month as it tries …


End of Section