2023-05-31 19:02:04
Everyone is asking about the date of stopping the certificates in the new Egyptian banks, which were offered with a return of about (22% – 19%). Some rumors also spread about an official issuance of certificates with returns of (26% – 24%) and for a different period, with different expectations for the future of investment with Egyptian banks.
When will the 22% certificate be suspended in the National Bank and Banque Misr?
In order for the one-year certificate submitted by (Misr-Al-Ahly) Bank to be suspended, a new certificate must be issued or a (19%) certificate confirmed. While there were many expectations that the diminishing certificate will be suspended, it is expected that it will be suspended at the next Central Bank meeting, which comes in ( 22/6) next, where it is scheduled to be approved at the exchange rate of the dollar before.
And in the event that the price of the dollar is approved by an increase, then the diminishing certificate will be stopped and a certificate with a higher return will be issued, which is the expectations of economists to be from (24-26), in the event that the price of the dollar in the new float reaches about (35 pounds).
The investment certificate presented for a period of 3 years did not receive much interest, and it is a certificate in which the first year begins with a return of (22%) and in the following two years the return begins to decrease.
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