Egypt C.Bank Offers US$ 40 Mln At Thursday’s FX Auction
The Central Bank of Egypt (CBE) has offered its last FX Auction for this week which worth $ 40 million for local banks at its 82nd foreign exchange auction by the end of the last year and the 65th since Hisham Ramez hold the office of the CBE’s Governor last February.
CBE has pumped $ 2.560 billion through periodic FX Auctions on Mondays, Wednesdays and Thursdays, in addition, CBE had also raised two exceptional FX Auction totaled at US $ 1.4 billion divided into two FX Auctions, one on 15th April worth US $600 million and another on 22nd May at value of US $ 800 million.
The Banks have covered $ 38.4 million of CBE’s auction in the last week with EGP 6.99.
