Will Egyptian banks present certificates with 20% interest rate soon? ...Egypt

The Central Bank of Egypt announced various decisions on Thursday aimed at achieving reform measures to ensure the protection and stability of the Egyptian economy, as well as achieving sustainable economic growth. The Monetary Policy Committee of CBE announced raising the interest rate by 200 basis points, which was followed by an urgent announcement to raise the return on saving certificates in Banque Misr and the National Bank of Egypt to 17.25 percent. As a result, a number of Egyptian banks operating in the market raised the returns on saving certificates to attract more customers and achieve financial returns. Amid the deliberation of decisions, a large number of citizens wondered abou

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