Emirati and Egyptian central banks agree to a currency swap deal as Egypt’s economy struggles
Published on: Thursday 28 September 2023
CAIRO — The central banks of the United Arab Emirates and Egypt agreed Thursday to a currency exchange deal, which could bolster the struggling Egyptian economy. A joint news release said the agreement would allow the two central banks to exchange up to 5 billion Emirati dirhams and 42 billion Egyptian pounds, or roughly the equivalent of […]
