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CBE to Sell 1.5 bn Dollars to Cover Import Operations

Source: www.export-egypt.com 3/16/2016, Location: Africa

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Governor of the Central Bank of Egypt (CBE) Tarek Amer said the bank will sell dlrs 1.5 billion dollars in a new exceptional auction at a price of 8.85 LE per dollar.

Amer said the new auction aims at covering the needs of customers dealing with the foreign currency in import operations.

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