Letters of Credit

Waiver of foreign currency records $9.5B since November: NBE

Tue, 20 Jun 2017 - 09:32 GMT

The National Bank of Egypt’s (NBE) total collection of waiver of foreign currency reached $ 9.5 billion (LE 171.3 billion) since the pound’s flotation in November.

NBE finalizes $9B in LoCs, import transactions since flotation

Wed, 07 Jun 2017 - 07:36 GMT

The National Bank of Egypt (NBE)’s financial import transactions and letters of credit (LoCs) have been valued at $9 billion since November.

Foreign trade transactions mark $35B since flotation

Wed, 31 May 2017 - 11:55 GMT

The total volume of foreign trade transactions done through the banking sector amounted to $35 billion since the Egyptian pound flotation .