Cairo – Mubasher: The Central Bank of Egypt (CBE) announced it will hold its regular dollar sale for $120 million on Tuesday.

The CBE held the pound steady at EGP 8.78 per US dollar in last week’s sale, as per official data.

On 28 July, Egypt's Central Bank also maintained interest rates, with the overnight deposit rate, overnight lending rate, and the rate of the CBE’s main operation at 11.75%, 12.75%, and 12.25%, respectively.

CBE governor Tarek Amer previously said that the bank pumped $15.69 billion (EGP 139. 8 billion) through regular and exceptional dollar auctions between November 2015 and April 2016.