dollar needs of basic nonbasic importers
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Dollar needs of basic, non-basic importers

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Arab Today, arab today Dollar needs of basic, non-basic importers

Deputy Chairman of the National Bank of Egypt (NBE) Yehia Abul Fotouh
Cairo - MENA

Deputy Chairman of the National Bank of Egypt (NBE) Yehia Abul Fotouh on Tuesday asserted that the bank has fulfilled all dollar needs of importers of basic and non-basic commodities.

In statements to MENA on the fringe of his participation in a conference titled "People and Banks", Abul Fotouh said the bank has opened documentary letters of credit at a value of dlrs 600 million to fund the various import operations.

He said NBE has so far received EGP 92 billion from selling the three-year investment certificates at 16 percent interest rate and the three-year certificates at 20 percent interest rate till Monday.

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