CBE Offers US$ 50 Mln To Local Banks At 18th FX Auction
The Central Bank of Egypt (CBE) has offered US$ 50 million to local banks in its 18th FX auction so as to address the dollar shortage at banks.
CBE offered US$ 75 million to local banks in its 17th FX auction last Monday and the first one under Hisham Ramez’s governance where the dollar registered EGP 6.69.
Today’s auction brings the total value of dollars that CBE offered in FX auctions to US$ 1.170 billion.
Sources revealed that CBE will probably conduct a third FX auction this week on Thursday to provide dollar liquidity to banks.
The total amounts that CBE offered in 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 |
|
Wednesday, February 6th, 2013 |
US$ 50 million |
|
Total Value |
US$ 1.170 billion |
