Egypt’s business digest Sept. 27: CBE governor meets with Germany’s Deutsche Bundesbank President
Central Bank of Egypt Governor Tarek Amer - Youm7 Archive

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CBE governor meets with Germany’s Deutsche Bundesbank President

Governor of the Central Bank of Egypt (CBE) Tarek Amer met with President of Deutsche Bundesbank Jens Weidmann to resume discussions of bilateral cooperation between the two banks on Monday, Egyptian state-owned news agency MENA reported.

Amer is paying Berlin a two-day visit to enhance the Egyptian-German economy’s financial and monetary fields.

It is scheduled that Amer will meet with German Finance Minister Wolfgang Schäuble and other high-profile economists.


International Cooperation Min. talks preparations for Singapore President to Egypt

Egyptian Minister of International Cooperation Sahar Nasr met with Singapore ambassador to Egypt Premjith Sadasivan on Monday to prepare for Singapore President Tony Tan’s visit that due to be held in late October upon an invitation from President Abdel Fatah al-Sisi.

The meetings was attended by Egyptian Minister of Transport Galal Said and Chairperson of the Economic Zone of the Suez Canal Ahmed Darwish.


Russian delegation to visit Egypt in October for imports of Egyptian crops

A Russian delegation will visit Cairo in October to discuss the ways of resuming Egyptian exports of fruits and vegetables after Moscow had agreed to lift the ban n imports of Egyptian crops, Youm7 reported head of the Egyptian Agriculture Export Council Abdel-Hamid El-Demerdash on Tuesday.

Russia has agreed to lift a temporary ban on imports of Egyptian crops after Cairo committed to take all necessary measures to guarantee the safety of the products exported to Moscow, Sergei Dankvert, Head of Russian food safety watchdog Rosselkhoznadzor was quoted by Sputnik on Monday.


CBE pumps $120 m in domestic banks Wednesday

The Central Bank of Egypt (CBE) will pump about $120 million in the domestic banks Wednesday, amid expectations of devaluating the local currency, after the closure of 55 foreign exchange companies, charged with violating the banks rules in currency dealings.


USD exchange rate ‘stable,’ reaches 8.88 EGP

The USD exchange rate has been stable against the Egyptian Pound, where it reached Tuesday 8.88 EGP for sale and 8.85 for purchase. Euro exchange rate reached 9.95 EGP for purchase and 9.98 EGP for sale.

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