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Government banks issue CDs to domestic market in US dollar
NBE, Banque Misr, Banque du Caire will offer three-year CD to Egyptians living within the country and five-year CD to those living in Europe
Hossam Mounir Published in Daily News Egypt on 09 - 03 - 2016

The National Bank of Egypt (NBE), Banque Misr, and Banque du Caire will issue a certificate of deposit (CD) programme to the domestic market in US dollars, high-ranking banking officials told Daily News Egypt.
Officials said the three banks are also preparing to issue a CD programme in euros for Egyptians living in Europe.
Chairman of Banque Misr Mohamed Al-Etreby said the US dollar CD will have a maturity date of three years and will have an interest rate of 4.25%. The euro CD will have a five-year maturity date and will have an interest rate of 5.25%.
Chairman of Banque du Caire Mounir El-Zahid confirmed the news, as did another source at the NBE.

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