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CBE to pump $40 million to banks in periodic dollar bid
Yara Sameh Published in Albawaba on 05 - 01 - 2016

Central Bank of Egypt (CBE) will pump Tuesday about $ 40 million to banks operating in the domestic market in the periodic dollar bid, Youm7 reported Tuesday.
CBE sold in Sunday's periodic dollar bid about $39.4 million with a value of 7.7301 pounds to the dollar.
CBE had given the banks operating in the domestic market $ 7.6 billion over the past two months to cover import demand for commodities and raw materials and to pay the dues to foreign investors in the Egyptian capital market.

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