BusinessEconomy

Egypt central bank sells $500 mn in interbank market

Egypt's central bank said on Monday it sold US$500 million in the interbank market to meet outstanding demand for "strategic staple food commodities" with the approach of the Muslim holy month of Ramadan, which begins in mid-June.
 
The bank sold $281 million in the interbank market last month and $420 million in March to meet similar demand for dollars.

Related Articles

Back to top button