Tawasul
Mubasher TV
Contact Us Advertising   العربية

Egyptian banks receive $1.7bn foreign cash inflows in 4 days

Egyptian banks receive $1.7bn foreign cash inflows in 4 days
The EGP exchange rate climbed to EGP 15.86 for buying

Cairo – Mubasher: foreign cash inflows into banks operating in Egypt reached $1.7 billion in just four days ending on Monday, 13 January, according to a statement by the Central Bank of Egypt (CBE).

Such inflows have helped push the Egyptian pound EGP 0.14 higher against the US dollar in these four days, the CBE said.

The EGP exchange rate against the US dollar climbed to EGP 15.86 for buying and EGP 15.96 for selling on Monday.