2024-04-23

A circular dated April 22, 2024 regarding amending the procedures for accepting bids for the main process of linking weekly deposits

In a letter dated April 22, 2024, the Central Bank of Egypt announces a change in the method of accepting bids for its deposit-linking main operation, moving from an allocation method to a full allotment approach starting April 23, 2024. This decision aims to align with international best practices for managing excess liquidity in the banking system and enhancing the impact of monetary policy decisions.

Egypt

Central Bank of Egypt

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