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Banque Misr and NBE follow CIB in halving FX commissions and raising credit card limits

Banque Misr and NBE follow CIB in halving FX commissions and raising credit card limits

Banque Misr and the National Bank of Egypt are halving their FX commissions to 5%

FX to be made available to all importers starting May following planned central bank liquidity injection

FX to be made available to all importers starting May following planned central bank liquidity injection

Banks will issue USD letters of credit to importers at the start of June, a source told us

FX inflows, outflows inch closer to normalcy

FX inflows, outflows inch closer to normalcy

Float spurs influx of FX sales at the country’s biggest FX bureaus

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