CBE to End Forex Repatriation Mechanism on December 4

The Central Bank of Egypt (CBE) decided on November 28 to terminate the foreign exchange repatriation mechanism, starting from December 4, for new portfolio investments

Foreign Purchases of T-bills Hike Post EGP Float

Purchases of Egyptian T-bills hiked to EGP 10.2 bn by end of December 2016, compared to about EGP 226 mn at the beginning of 2016

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