Egypt releases $780mln worth of essential goods in 2 days

Getty Images

Head of the Egyptian Customs Authority El-Shahat Gatoury told Asharq Business reported

Staff Writer, Arab Finance

March 11, 2024

PHOTO

The Egyptian government has released essential goods worth $780 million at ports from March 7th to 8th, Head of the Egyptian Customs Authority El-Shahat Gatoury told Asharq Business reported.

The cabinet announced before that Egypt released goods worth $12 billion at ports year to date.

This came after the CBE’s Monetary Policy Committee (MPC) increased the interest rates by 600 basis points (bps) at its special meeting on March 6th.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.