CAIRO: Egypt’s central bank said on Monday it sold $500 million in the interbank market to meet outstanding demand for “strategic staple food commodities” with the approach of the holy month of Ramadan, which begins in mid-June.
The bank sold $281 million in the interbank market last month and $420 million in March to meet similar demand for dollars.
Shippers see temporary lull in exports
Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...