11:41 p.m
Wednesday, March 6, 2024
Books – Muhammad Abdel Nasser:
Extra News Channel announced, in its breaking news, that private sources announced to the channel that there was news about removing restrictions on credit cards.
Last October, the Central Bank decided to restrict the use of credit cards in foreign currencies, as it directed banks operating in the local market to impose restrictions on the use of credit cards in transactions in foreign currencies at home and abroad, so that credit card holders are only allowed to conduct transactions in foreign currencies worth $250 per month. Inside.
Today, the Central Bank of Egypt announced a 6% all-time increase in interest rates on deposits and lending. The central interest rate rose after the increase to 27.25% for deposits and 28.25% for lending. He decided to allow the exchange rate of the pound to be determined according to market mechanisms.
The Bank of Egypt raised the dollar exchange rate to above 45 pounds after the Central Bank of Egypt decided to raise interest rates by 6% in an extraordinary meeting today, Wednesday.
The exchange rate at Banque Misr became 45.25 pounds for buying and 45.35 pounds for selling, compared to 30.75 pounds for buying and 30.85 pounds for selling.
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