CBE Offers US$ 40 Mln To Local Banks At Its 20th FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks so as to address dollar shortage at the banking sector on Monday at its 20th FX auction and the fourth one since the appointment of Hisham Ramez, governor of CBE.
After assuming the responsibilities of his new position, Ramez started offering US$ 75 million in a FX auction, then US$ 50 million and US$ 40 million today, bringing the amount CBE offered under his leadership to US$ 215 million.
The total value of dollars offered by CBE to local banks at FX auctions reached US$ 1.1 billion.
The value that CBE offered in FX auctions under the leadership of Hisham Ramez is as follows:
|
Date |
Offer Value |
|
Monday, February 4th, 2013 |
US$ 75 million |
|
Wednesday, February 6th, 2013 |
US$ 50 million |
|
Thursday, February 7th, 2013 |
US$ 50 million |
|
Monday, February 11th, 2013 |
US$ 40 million |
|
Total Value |
US$ 215 million |
