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
