November 3, 2016 / 8:27 AM / 4 years ago

Egyptian central bank to offer $4 bln at special auction on Thursday -bankers

CAIRO, Nov 3 (Reuters) - Egypt’s central bank will offer $4 billion at a special forex auction on Thursday, bankers told Reuters.

The bank floated the Egyptian pound earlier on Thursday, setting a guidance level of 13 pounds to the dollar, nearly 48 percent higher than the rate offered since March. (Reporting by Asma Alsharif; Writing by Ahmed Aboulenein; Editing by Eric Knecht)

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