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The Central Bank of Egypt governor Tarek Amer pledged that investing in the Egyptian pound will be more profitable than other currencies in the medium term. During the Arab Banking Conference 2022, Amer added in his Wednesday speech that the Central Bank approved the requests of the National Bank of Egypt and Banque Misr to issue a savings certificate at an interest rate of 18 percent to support the Egyptian citizens. Amer said that he has no doubts about the ability of the Egyptian economy to overcome the current crisis, thanks to the experience of the leaders of the banking sector in addition to the proactive decisions the central bank took based on market predictions. “We have the confid
investing in egyptian pound to be more profitable in medium term cbe governor
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