Egypt cb says forex market more stable

The governor of the Central Bank of Egypt Mahmud Abu-al-Uyun discussed on 9 February with the presidents of banks working in Egypt the situation in the money market ten days after the liberalization of forex.

Abu-al-Uyun reviewed reports on the dollar price in banks and exchange companies. He said after the application of the new system, the foreign exchange market is getting more and more stable.

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