Egypt, UAE sign currency swap agreement

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Egypt, UAE sign currency swap agreement

STORY: Egypt, UAE sign currency swap agreement DATELINE: Sept. 29, 2023 LENGTH: 00:00:47 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various shots of the Central Bank of Egypt 2. various shots of an accountant counting banknotes 3. various exterior shots of Misr Banque 4. various exterior shots of the National Bank of Egypt STORYLINE: The central banks of Egypt and the United Arab Emirates (UAE) signed on Thursday a currency swap deal, agreeing to exchange up to 42 billion Egyptian pounds (about 1.36 billion U.S. dollars) and 5 billion UAE dirhams at nominal value. The agreement comes within the framework of strengthening relations between Egypt and the UAE at all levels and contributes to increasing their trade volume, a statement from the Central Bank of Egypt (CBE) quoted the bank's governor Hassan Abdallah as saying. He noted that the deal also serves as a cornerstone for joint financial cooperation between the two sides. UAE Central Bank Governor Khaled Mohamed Balama said the agreement

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