The National Bank of Egypt (NBE) issued a new Egyptian pound investment certificate with a 15 percent yield in return for foreign currency.
The certificate is nominal and will have a duration of three years, the NBE said in a statement Monday.
The certificate will be issued for individuals in their names or in the names of their children, added the statement.
The NBE also said that the certificate is issued in 1,000 pounds and its multiples with no maximum.
The amount of money will be in return for foreign or Arab currencies, added the statement.
The interest rate is fixed over the life of the Certificate, according to the statement.
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
Ben Stokes gave England a firm grip on the first Test with bat and ball before Shakib Al Hasan's 5-79 revived Bangladesh…
The facade of the world's tallest building, the Burj Khalifa in the Gulf emirate of Dubai, was lit up in pink Thursday…
The London Fashion Week (LFW) is one of the most sought out shows of the year. LFW is an annual fashion event…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday