Exchange rate floating attracts $80B to banks in Egypt

CAIRO - 29 April 2018: Deputy Governor of the Central Bank of Egypt Gamal Negm said Sunday cash flow to banks in Egypt has increased since the exchange rate liberation, referring to around $80 billion.

In statements to MENA ahead of the Union of Arab Banks conference on financial technology (Fintech) creations, Negm asserted that the current interest rate is attractive to investment in Egypt.