Dollars flow into Egypt currency market after depreciation -bankers

📆 12/1/2023 14:19:00
📰 ReutersAfrica

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 53%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

Hundreds of millions of dollars have flowed through Egypt's interbank market since the central bank allowed the Egyptian pound to depreciate by 13% to a historic low, bankers said on Thursday.

The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade. It has since rebounded to 30.55 at midday on Thursday.

Bankers said there were signs of international institutions pouring money into Egypt ahead of Thursday's auction of local treasury bills. Such investors had been largely absent since March.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

BBC World Service - Africa Daily, How is Hargeisa recovering from last year’s market fire?In April 2022, a fire broke out in the huge Waheen Market in Hargeisa, Somaliland. It burned for more than 24 hours destroying thousands of businesses. So how has the city recovered? As well as individual traders? AfricaDaily's kasujja reports ➡️ DahabshiilGroup kasujja They are burning Laascaanood now!
Fuente: BBCAfrica - 🏆 23. / 61 Leer más »