Banque Misr receives $100 mln in remittances since floatation of Egyptian pound

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Thursday ,17 November 2016

Banque Misr receives $100 mln in remittances since floatation of Egyptian pound

Since the Egyptian government has decided to float the value of the pound against the U.S. dollar on Nov. 3, Banque Misr has received a total of $100 million from the Egyptian expatriates’ remittances, Bank chairperson Mohamed El-Etribi told Youm7 Thursday.

After the devaluation decision, the bank has offered 15-perecnt investment certificates with duration of 3 years, Reuters reported.

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Mona, the pride of Egyptians

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I took a taxi in Alexandria and the driver was talking very proudly about Mona, the lady of Alexandria who was recently honored by the president for her struggle to provide for her family. The driver told me that people in Alexandria love Mona and talk about her hard work and struggle. She carries bags of food and delivers them to shops. She is an example of great Egyptian women.