Letters of Credit
The National Bank of Egypt’s (NBE) total collection of waiver of foreign currency reached $ 9.5 billion (LE 171.3 billion) since the pound’s flotation in November.
The National Bank of Egypt (NBE)’s financial import transactions and letters of credit (LoCs) have been valued at $9 billion since November.
The total volume of foreign trade transactions done through the banking sector amounted to $35 billion since the Egyptian pound flotation .
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