Daily News Egypt

CBE pays $600m to Afreximbank - Daily News Egypt

Advertising Area




Advertising Area



CBE pays $600m to Afreximbank

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the CBE paid $600m to the African Export-Import Bank (Afreximbank). This increases the total amount repaid by the CBE to Afreximbank to $2.6bn, according to the Middle East News Agency. Amer said that the last installment due to Afreximbank worth $600m will be …


Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the CBE paid $600m to the African Export-Import Bank (Afreximbank). This increases the total amount repaid by the CBE to Afreximbank to $2.6bn, according to the Middle East News Agency.

Amer said that the last installment due to Afreximbank worth $600m will be paid on Monday. This would increase total amounts repaid from the CBE to $3.2bn.

He added that the CBE is committed to paying all external commitments in their specific time, which enhances confidence in the Egyptian economy.

Amer pointed out that the CBE has paid $4.6bn since early November, noting that after adding the last $600m that will be paid on Monday, the total of what has been paid is $5.2bn, including $3.2bn to Afreximbank and $2bn to other international banks.

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2017/12/06/cbe-pays-600m-afreximbank/
Breaking News

No current breaking news

Subscribe to the Newsletter List Subscribe by clicking on the Subscribe
Subscribe