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BRIEF-Fitch says Egypt banks' foreign-currency liquidity to improve as transfer cap ends
July 3, 2017 / 11:17 AM / 5 months ago

BRIEF-Fitch says Egypt banks' foreign-currency liquidity to improve as transfer cap ends

July 3 (Reuters) - Fitch:

* Fitch says Egypt’s removal of foreign-currency transfer limits will help to restore confidence in economy and attract foreign investments

* Fitch on Egypt banks’ FC liquidity​ -‍ Expect greater inflow from foreign investors now that Central Bank of Egypt ended USD100,000 annual transfer cap

* Fitch says Egypt’s removal of foreign-currency transfer limits increases availability of FC, helping banks provide lending needed by FC borrowers, particularly importers Source text for Eikon:

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