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Central Bank pulls 38B pounds liquidity
The Central Bank of Egypt withdrew 38 billion Egyptian pounds from liquidity through an open market operation involving three banks, at an interest rate of 19.5%. A change has been approved in the method of accepting bids, shifting from a discounting approach to accepting all bids, with the results to be published on the bank's website. This step is part of the government's efforts to improve liquidity management and adopt international practices in monetary policy.
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