- Carbon Markets 101: Designing Projects That Deliver Real Climate Impact
- The Next Phase of Financial Inclusion in Africa: Digital Identity, Trust and Collaboration
- A Market Awakens: Kenya’s Capital Markets Regain Momentum into 2026
- Global: Few economic impacts from Iran conflict outside the GCC
- Kenya: Capital markets licensing regime overhauled – What market participants need to know?
Egypt Central bank sells $37.8m in forex auction
Cairo, Egypt (Capital Markets in Africa)—The Central Bank of Egypt said it sold $37.8 million to local banks in a foreign currency auction held Tuesday. The bank had offered $40 million.
Cut-off price amounted to EGP 7.53 per dollar.
The central bank introduced the dollar sale auctions in December, 2012 to stave off a run on the dollar and avoid a currency crisis.