Kuwait to Deposit USD 2 billion in CBESource: www.export-egypt.com 9/21/2013, Location: Africa |
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Governor of the Central Bank of Egypt (CBE) Hisham Ramez said a Kuwaiti deposit worth USD 2 billion will be transferred to the Central Bank of Egypt this week, adding the foreign currencies reserve is assuring.
The reserve hits USD 18.9 billion late August, before giving back the Qatari USD 2 billion deposit two days ago. CBE, early September pumped USD 1.3 billion to the local banks in a bid to finance their clients' demands. This move led to narrowing the gap between the daily exchange rate announced by CBE and that of the black market. |
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Financials and Investment News in Egypt >> |
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