Business Hub _ Special _ Cairo
Mohamed El-Etreby, president of the Federation of Egyptian Banks and chairman of Banque Misr, The issuance of the certificate with a return of 18% is continuous without modification.
He said that the total proceeds of the 18% certificates amounted to 216 billion pounds. Commenting on the decisions of the Monetary Policy Committee of the Central Bank of Egypt to raise the interest rate by 2%, El-Etreby said, “A sound decision to address the effects of inflation and go down in prices again in the event of low inflation, as happened previously.
