Banque Misr presents a new savings certificate with a return of 25% annually

The bank confirmed that those Certificate It has been made available since the beginning of the day’s work in all the bank’s branches and all the bank’s electronic channels.

as announced Egyptian Central Bank Yesterday, the net cash reserves of foreign currencies increased by about $500 million, to reach about $34 billion by the end of December 2022, compared to about $33.5 billion during the previous November.

The foreign currencies in Egypt’s foreign reserves consist of a basket of the main international currencies, which are the US dollar, the single European currency “the euro”, the pound sterling, the Japanese yen and the Chinese yuan. According to a plan developed by the Central Bank of Egypt officials.

The Central Bank statement said that, with reference to the periodic book issued on February 13, 2022, to stop dealing with collection documents in the implementation of all import operations, and to work with documentary credits only when implementing import operations and exceptions from the subsequent decision, as well as the periodic book dated October 27, 2020, to increase the value of shipments excluded from the decision. Referred to above from five thousand US dollars or its equivalent in other currencies to 500 thousand US dollars or its equivalent in other currencies. And in light of what the Central Bank announced regarding the trend towards the gradual cancellation of these instructions until the completion of their complete cancellation in December 2022, it was decided to cancel the periodic book issued on February 13, 2022 and allow the acceptance of collection documents to implement all import operations.

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