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CBE to pump $120 mn to banks in periodic dollar bid
Yara Sameh Published in Albawaba on 22 - 03 - 2016

Central Bank of Egypt (CBE) will pump Tuesday about $ 120 million to banks operating in the domestic market in a periodic dollar bid, Youm7 reported Tuesday.
This comes after the CBE has replaced the three periodic dollar bids a week into one, held every Tuesday.
Over the past three months, CBE has given the banks operating in the domestic market $ 11.6 billion to cover import demands for commodities and raw materials and to pay the dues to foreign investors in the Egyptian capital market.

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