Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the country’s annual urban inflation decreased to 4.3% in January 2021, compared to 5.4% in December 2020.
Egypt
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has decided to keep the overnight deposit rate, the overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively.
- Nephthali Messanh Ledy | Financial Afrik
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Africa attracted a total of USD 38 billion in foreign direct investment (FDI) in 2020, down 18% from 2019, according to recent data from the United Nations Conference on Trade and development (UNCTAD). In the rankings, Egypt maintains its leading position with a total inflow of $ 5.5 billion, down 38% year on year.
Local transfers in the Egyptian pound will remain exempt from all fees and commissions until June 30th 2021, the Central Bank of Egypt (CBE) stated in a December 28th circular.
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