CBE: banks could secure $21bn to fund foreign trade since flotation of pound
The Central Bank of Egypt
Cairo - MENA
Banks have been able to secure some 21 billion dollars to fund foreign trade operations since a decision to float the Egyptian pound was made on November 3, the Central Bank of Egypt (CBE) said Wednesday.
The CBE, in a statement Wednesday, said banks operating in Egypt had been notified to inform the CBE before providing any government bodies with foreign currencies.
The CBE has no account on facebook, the statement said, stressing any news posted on social networking sites has nothing to do with the CBE.
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