Cairo - Mubasher: The Central Bank of Egypt (CBE) has recently pumped $8.3 billion for importers, to guarantee the markets stability and to secure their needs of strategic commodities, said Tarek Amer, CBE Governor.
CBE also covered $1.6 billion of credit facilities to avoid the risks of the exchange rate fluctuations and raised the value of the Egyptian pound by 2.6% to curb the speculations on currency, added Amer on the sideline of a meeting with President Abdel Fattah El Sisi.
During the meeting, the governor pointed out that the country's foreign reserve is stable at $16.4 billion.
