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Egypt’s foreign exchange inflows hit $150bn since November 2016

Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday. Amer added in an exclusive statement to Daily News Egypt on the sidelines of the International Monetary Fund’s (IMF) …

Shaimaa Al-Aees

CBE pays $600m to Afreximbank

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the CBE paid $600m to the African Export-Import Bank (Afreximbank). This increases the total amount repaid by the CBE to Afreximbank to $2.6bn, according to the Middle East News Agency. Amer said that the last installment due to Afreximbank worth $600m will be …

Daily News Egypt