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CBE Offers US$ 50 Mln To Local Banks At 18th FX Auction
Sayed Badr Published in Amwal Al Ghad on 06 - 02 - 2013

The Central Bank of Egypt (CBE) has offered US$ 50 million to local banks in its 18th FX auction so as to address the dollar shortage at banks.
CBE offered US$ 75 million to local banks in its 17th FX auction last Monday and the first one under Hisham Ramez's governance where the dollar registered EGP 6.69.
Today's auction brings the total value of dollars that CBE offered in FX auctions to US$ 1.170.
Sources revealed that CBE will probably conduct a third FX auction this week on Thursday to provide dollar liquidity to banks.
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
Wednesday, February 6th, 2013
US$ 50 million
Total Value
US$ 1.170 billion

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