Arab Today, arab today cbe sells 75m at 3rd currency auction
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

CBE sells $75m at 3rd currency auction

Arab Today, arab today

Arab Today, arab today CBE sells $75m at 3rd currency auction

Cairo - MENA

The Central Bank of Egypt (CBE) sold $75 million to banks on Wednesday at its third foreign currency auction, banking sources said. The auctions are part of a shift in currency policy announced by the CBE and designed to conserve the country\'s foreign reserves, which it said had fallen to a critical level. The Egyptian pound continued falling against the US dollar on Wednesday to stand at a record high of EGP 6.422 for selling and EGP 6.38 for buying.

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