NBE, Banque Misr cut interest rate on US dollar CDs
Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return, equivalent to the Egyptian pound, …
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Egypt Independent
March 19, 2025
