UAE, Egypt renew AED 5B currency swap agreement for 5 years
· Egyptian market news · ARAB
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Egypt (CBE) have renewed their currency swap agreement worth AED 5 billion, equivalent to EGP 69 billion, for five years, according to a statement.
The agreement reflects both sides’ commitment to supporting bilateral trade, strengthening financial cooperation, and bolstering economic development…
Source: Arab Finance — read the original story