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The monetary policy committee of the Central Bank of Egypt (CBE) decided Thursday to set the rate of demand deposits and loans at 15.75%, 16.75% and 16.25% respectively and set the rate of credit and discount at 16.25%.
In times of economic slowdown and high inflation rates, Egyptians use their surplus funds in safe and profitable sanctuaries that generate returns that absorb inflationary effects – high prices of goods and services – and these ships can develop financial resources through various means.
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