CAIRO, April 18 Foreign currency inflows into
the Egyptian banking system have reached $19.2 billion since the
Egyptian pound was floated in November, the central bank said on
The central bank raised interest rates by 3 percent and
abandoned its currency peg of 8.8 pounds per dollar on Nov. 3,
causing the pound to halve in value.
The moves were intended to unlock foreign currency inflows
and end a black market for dollars that had sucked foreign
currency from the banking system.
(Reporting by Ehab Farouk; Writing by Asma Alsharif; Editing by