Will Egypt reduce its currency? - News Summed Up

Will Egypt reduce its currency?


Egypt to issue int'l bonds during Q1 of 2019: Min. Ma'it clarified that the issuance might be in dollar, euro or any other currency, if possible. The most significant successes were declining the inflation and unemployment rates and boosting foreign reserves. CBE keeps interest rates on hold in November CAIRO - 15 November 2018: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) kept interest rates on hold on Thursday, Nov. 15 for the fifth time this year, meeting the expectations of experts and investment banks. MPC set the overnight deposit rate and the overnight lending rate at 16.75 percent and 17.75 percent, respectively.


Source: Egypt Today December 18, 2018 16:14 UTC



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