Cairo – Mubasher: The Central Bank of Egypt (CBE) will hold a regular foreign exchange auction Tuesday to sell $120 million according to the bank’s website.
Earlier, the bank of Egypt decided to reduce foreign currency auctions to a single regular auction on Tuesdays, instead of three ones per week.
Last March, CBE devalued the Egyptian pound by 14.5% to 8.95 per dollar and then raised its value by 7 piasters.
