The Central Bank of Egypt (CBE) said on Wednesday that high-interest deposit certificates issued by banks since the EGP was floated last month have so far attracted EGP64bn (USD3.47bn) in new investment inflows. Egypt's two largest state-owned banks offered 18-month certificates of deposit at 20% and three-year certificates of deposit at 16% in a bid to attract currency being held outside the banking system. (Reuters)
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