CBE aims at lower inflation rate at medium term
CBE Governor Tareq Amer
Cairo - MENA
The Central Bank of Egypt (CBE) aims to reach lower inflation rates on the medium term, CBE Governor Tareq Amer said.
The exchange rate of the local currency has reached a rate balanced between supply and demand and the CBE has been targeting employment to avoid unemployment and growth slowdown, Amer told MENA on Sunday.
The bank has allowed the transaction of the currency freely after a set of restrictions imposed on its deposit in banks, which helped in the flow of foreign and domestic trade, he said.
- Monday ,05 November GMT 16:10 2018 Central Bank of Egypt: Foreign reserves rise to USD 44.501 bln in Oct.
- Tuesday ,25 April GMT 16:47 2017 CBE: Foreign trade transactions hit $28bn since pound liberalization
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