The branches of Al-Ahly Exchange, Misr Exchange, and Cairo Exchange, companies affiliated with the three largest government banks, reaped the equivalent of about LE 2.1 billion within nine days, after the Central Bank of Egypt’s decisions, from the proceeds of foreign currency concessions. The chairman of Al-Ahly Exchange company of the National Bank of Egypt, Abdel Meguid Mohie al-Din revealed that the proceeds of concessions on foreign and Arab currencies in favor of the Egyptian pound amounted to LE 1.171 billion, since CBE’s recent decisions. Mohie a-Din said that Thursday’s proceeds amounted to LE238 million, explaining that 65 percent of the total proceeds were a waiver of the US dolla
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