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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