The Central Bank of Egypt (CBE) has decided to conduct its 18th FX auction and the second one since the appointment of the new governor Hisham Ramez, sources said. CBE decided to conduct the auction next Wednesday instead of today, to be the second FX auction conducted this week after offering US$ 75 million to local banks last Monday, bringing the value of dollars it offered since launching the new system to US$ 1.12 billion. The criteria of offering dollars at FX auctions have become inconsistent as at the beginning CBE conducted five auctions a week and then three. The values of the amount offered in these auctions and the number of these auctions are not announced now. The total amounts that CBE offered in previous FX auctions are as follows:
Date Offer Value Sunday, December 30th, 2012 US$ 75 million Monday, December 31th, 2012 US$ 75 million Wednesday, January 2nd, 2013 US$ 75 million Thursday, January 3rd, 2013 US$ 75 million Sunday, January 6th, 2013 US$ 60 million Tuesday, January 8th, 2013 US$ 60 million Wednesday, January 9th, 2013 US$ 50 million Thursday, January 10th, 2013 US$ 50 million Sunday, January 13th, 2013 US$ 75 million Tuesday, January 15th, 2013 US$ 75 million Thursday, January 17th, 2013 US$ 75 million Sunday, January 29th, 2013 US$ 75 million Tuesday, January 22nd, 2013 US$ 75 million Sunday, January 27th, 2013 US$ 50 million Tuesday, January 29th, 2013 US$ 50 million Thursday, January 31st, 2013 US$ 50 million Monday, February 4th, 2013 US$ 75 million Total Value US$ 1.07 billion
