CBE Conducts 18th FX Auction On Wednesday
The Central Bank of Egypt (CBE) has decided to conduct its 18th FX auction and the second one since the appointment of the new governor Hisham Ramez, sources said.
CBE decided to conduct the auction next Wednesday instead of today, to be the second FX auction conducted this week after offering US$ 75 million to local banks last Monday, bringing the value of dollars it offered since launching the new system to US$ 1.12 billion.
The criteria of offering dollars at FX auctions have become inconsistent as at the beginning CBE conducted five auctions a week and then three. The values of the amount offered in these auctions and the number of these auctions are not announced now.
The total amounts that CBE offered in previous FX auctions are as follows:
|
Date |
Offer Value |
|
Sunday, December 30th, 2012 |
US$ 75 million |
|
Monday, December 31th, 2012 |
US$ 75 million |
|
Wednesday, January 2nd, 2013 |
US$ 75 million |
|
Thursday, January 3rd, 2013 |
US$ 75 million |
|
Sunday, January 6th, 2013 |
US$ 60 million |
|
Tuesday, January 8th, 2013 |
US$ 60 million |
|
Wednesday, January 9th, 2013 |
US$ 50 million |
|
Thursday, January 10th, 2013 |
US$ 50 million |
|
Sunday, January 13th, 2013 |
US$ 75 million |
|
Tuesday, January 15th, 2013 |
US$ 75 million |
|
Thursday, January 17th, 2013 |
US$ 75 million |
|
Sunday, January 29th, 2013 |
US$ 75 million |
|
Tuesday, January 22nd, 2013 |
US$ 75 million |
|
Sunday, January 27th, 2013 |
US$ 50 million |
|
Tuesday, January 29th, 2013 |
US$ 50 million |
|
Thursday, January 31st, 2013 |
US$ 50 million |
|
Monday, February 4th, 2013 |
US$ 75 million |
|
Total Value |
US$ 1.07 billion |
