Cairo – Mubasher: State-owned banks National Bank of Egypt (NBE) and Banque Misr will put forward investment certificates denominated in the Egyptian pound for 60 days in return for foreign currency.
The certificate will be unlimitedly issued for those who give up their foreign savings with a 15 % fixed annual yield in Egyptian pound.
Egypt has recently launched U.S. dollar-denominated certificate, named “Biladi”, for Egyptians abroad, through the branches of National Bank of Egypt, Banque Misr and Banque du Caire.
