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Bank certificates for Egyptians abroad at National Bank
The National Bank of Egypt has issued "Balady" certificates for Egyptians abroad and their minor children, with a one-year term, offering a fixed interest rate of 0.5% annually in euros and British pounds. The interest is paid twice a year, and early redemption before the certificate's maturity is not permitted. This program allows expatriates to invest their savings in foreign currencies in a safe and secure manner for one year.
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