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CBE Offers US$ 50 Mln To Local Banks At 3rd FX Auction Under Ramez's Leadership
Radwa Published in Amwal Al Ghad on 07 - 02 - 2013

The Central Bank of Egypt (CBE) has offered US$ 50 million to local banks in its 19th FX auction and the third one since the appointment of Hisham Ramez as governor of CBE.
The bank conducts this auction so as to address the dollar shortage at banks.
CBE offered US$ 75 million to local banks in its 18th FX auction yesterday where the dollar registered EGP 6.69.
Today's auction brings the total amount of dollars that CBE offered in FX auctions to US$ 1.1 billion.
The total amount that CBE offered in FX auctions is 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
Thursday, February 7th, 2013
US$ 50 million
Total Value
US$ 1.1 billion

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