Mon, Mar. 14, 11:08 AM
- The central bank sold $200M at a rate of 8.85 Egyptian pounds per dollar s. 7.73 previously. This narrows the gap between the official rate and the black market rate of 9.6 to the dollar.
- The move comes alongside declines in tourism and foreign investment. In a sign of growing religious tension, the country's Justice Minister was fired after some incendiary comments.
- EGPT -5%, OTCQX:CIBEY +1.8%
CIB is the leading private sector bank in Egypt, offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and high-net-worth (HNW) individuals. In addition to traditional asset and liability products, CIB offers... More
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