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CBE Offers US$ 50 Mln To Local Banks On Tuesday FX Auction
Radwa Published in Amwal Al Ghad on 29 - 01 - 2013

The Central Bank of Egypt (CBE) offers US$ 50 million to local banks on Tuesday at its 15th FX auction, bringing the amount it offered since launching the new system to US$ 995 million.
The value of dollar hiked to EGP 6.75 (sell price) despite CBE's attempts to reduce these hikes by decreasing the number of FX auctions to three days a week; instead of daily auctions.
The total amounts that CBE has offered in 15 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
Sunday, January 27th, 2013
50
Tuesday, January 29th, 2013
50
Total Value
995

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