Cairo - Mubasher: The sub-governor of the Central Bank of Egypt (CBE) said that external trade between 3 November and 25 May 2017 totalled around $35 billion.
Tarek Fayed added in a statement on Wednesday that the amount include $25 billion as the value of payment collections and letters of credit, as well as $10 billion for opening new letters of credit.
Last November, The Central Bank of Egypt (CBE) decided on to float the Egyptian pound and free exchange rates, as well as to increase interest rates by 300 basis points.
