28
Oct
11:19
Egypt Central Bank eases import regulations, re-rollers optimistic
The Central Bank of Egypt (CBE) has decided to gradually repeal the mandate to use letters of credit for import finance, removing the requirement completely by December, Kallanish notes.
“To uphold the CBE’s mandate of ensuring price stability over the medium term, the Monetary Policy Committee (MPC) has decided in its special meeting to raise the overnight deposit rate, the overnight lending rate and the rate of the main operation by 200 basis points …
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Anonymous
Very good overview of the weekly steel market.
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