Cairo – Mubasher: The Central Bank of Egypt (CBE) would sell $120 million to banks on Tuesday at a regular FX auction.
Last Tuesday, the bank of Egypt sold $118.4 million, leaving the pound value unchanged at EGP 8.78 per dollar.
Egypt’s domestic liquidity rose 18.3% to around EGP 2.15 trillion by end of August 2016, according to the central bank’s monthly bulletin.
