CBE Offers US$ 75 Mln To Local Banks On Tuesday FX Auction
The Central Bank of Egypt (CBE) offers US$ 75 million to local banks on Tuesday at its 13th FX auction, with a maximum of US$11 million for each bank.
The total amount that CBE has offered since launching the new system in December 30th 2012 reached US$ 895 million.
CBE decided to conduct two auctions this week on Sunday and Tuesday and will cancel its auction on Thursday which will correspond with “Al-Moled Al-Nabawi” (Birthday of Prophet Mohammed) as it is an official public holiday.
The total amounts that CBE has offered in 13 FX auctions are as follows:
|
Date |
Value In Million US Dollar |
|
Sunday, December 30th, 2012 |
75 |
|
Monday, December 31th, 2012 |
75 |
|
Wednesday, January 2nd, 2013 |
75 |
|
Thursday, January 3rd, 2013 |
75 |
|
Sunday, January 6th, 2013 |
60 |
|
Tuesday, January 8th, 2013 |
60 |
|
Wednesday, January 9th, 2013 |
50 |
|
Thursday, January 10th, 2013 |
50 |
|
Sunday, January 13th, 2013 |
75 |
|
Tuesday, January 15th, 2013 |
75 |
|
Thursday, January 17th, 2013 |
75 |
|
Sunday, January 29th, 2013 |
75 |
|
Tuesday, January 22nd, 2013 |
75 |
|
Total Value |
895 |
