UAE and Egypt Renew Dh5bn Currency Swap Deal to Enhance Economic Development

UAE and Egypt renew Dh5bn currency swap deal to enhance economic development

The agreement is valid for five years and will play major role in boosting financial co-operation

UAE, Egypt central banks renew currency swap agreement

The central banks of UAE and Egypt (CBUAE and CBE) have renewed their currency swap agreement. With a nominal value of Dh 5 billion, equivalent to EGP 69 billion, the agreement is valid for 5 years.

UAE and Egypt renew $1.4bn currency swap agreement

The central banks of the UAE and Egypt have renewed their currency swap agreement for a further five years. The renewed agreement remains worth AED5 billion ($1.4 billion) and is intended to promote bilateral trade and deepen financial cooperation, the UAE state-run Wam news agency reported. UAE central bank governor Khaled Mohamed Balama said the […]

Egypt, UAE renew $1.36b currency swap agreement

The Central Bank of the UAE and the Central Bank of Egypt have renewed their currency swap agreement, with a nominal value of AED5 billion, equivalent to around LE69 billion, for five years. The agreement aims to support bilateral trade, strengthen financial co-operation and promote economic development in both countries. The agreement was signed by […]

UAE and Egypt renew currency swap agreement worth AED 5bn

The Central Bank of the UAE and the Central Bank of Egypt (CBE) renewed a currency swap agreement between the UAE dirham and the Egyptian pound on Tuesday.   The nominal value of the swap agreement is AED 5bn, equivalent to EGP 69bn, and extends for five years. The renewal reflects the ongoing commitment of […]