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Egypt state banks sell $16.6 bln in 18% CDs, absorbing post-devaluation liquidity
Egypt's two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they introduced last week at a yield of 18%, the state Middle East News Agency (MENA) said on Tuesday. The one-year CDs sold by National Bank of Egypt and Banque Misr…
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Click here to read the full story: Reuters