UAE Egypt

Abu Dhabi offers further support for embattled Egypt


Issue 1178 - 12 Oct 2023 | 1 minute read

The Central Bank of the UAE (CBUAE) agreed a bilateral currency swap agreement with the Central Bank of Egypt (CBE) on 28 September, allowing for the exchange of up to AED5bn and EGP42bn – equivalent in both cases to around $1.4bn – between the two institutions.

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