Sunday, July 29, 2007

Egypt median o/n interbank rises to 8.7625 pct

(Reuters) - The median overnight interbank rate on Egypt's pound rose to 8.7625 percent on Sunday from 8.754 percent on Thursday, with the market liquid in the absence of auctions of certificates of deposits, dealers said.

"Many banks were offering money as they have a lot of liquidity available. I believe this will not change soon," one dealer said.


Read more at Reuters Africa

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