18 Hrs
Source:
بوابة أخبار اليوم
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AED and EGP swap agreement renewed
The Central Bank of the United Arab Emirates and the Central Bank of Egypt renewed their currency swap agreement between the UAE Dirham and the Egyptian Pound, valued at 5 billion Dirhams (approximately 69 billion Egyptian pounds), for a period of five years. The agreement aims to strengthen financial and commercial cooperation between the two countries, support financial stability, and promote the use of local currencies in bilateral settlements. Both parties affirm that the renewal reflects the strength of their strategic relationship, contributes to enhancing market resilience, and facilitates investment and development activities in both nations.
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