CBE grants exceptional tender to cover strategic goods

Central Bank of Egypt (CBE) announced granting non-periodic tender of US$1.3 billion to cover the importing of strategic goods.
 
In a statement on Wednesday, the bank said the move comes following transactions of foreign currencies in Egypt and aids the banking system perform its role as serving the national economy.
 
Strategic goods include basic commodities like tea, meat, poultry, fish, wheat, oil, milk, lentils, butter and corn, as well as capital goods’ spare parts, raw materials, intermediate production components, medicines and vaccines.
 
On 22 May, CBE granted an exceptional tender of US$800 million and another one of US$600 million in April.
 
Edited translation from MENA