Saudi Offers $3 Billion to Egypt’s Central Bank
- Date: 01-Nov-2021
- Source: Al Bawaba
- Sector:Economy
- Country:Saudi Arabia
Saudi Offers $3 Billion to Egypt’s Central Bank
The Saudi finance ministry has announced yesterday that the Kingdom had deposited $3 billion to both Egypt and Pakistan central banks in a move to support foreign exchange reserves of nations in need during the pandemic.
In addition to the $3 billion, the Kingdom extended Egypt's term of another $2.3 billion in previous deposits.
According to the Central Bank of Egypt, Saudi also has long-term deposits in the lender, totaling $5.5 billion as of the end of March, AA reported.
Select Sector 
Select Country 
