Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits
Banks in Egypt will modify rates on dollar certificates in line with global dollar rates to attract savings in foreign currency
Latest in Tag: LIBOR Highlight
Latest in Tag: LIBOR
Egypt’s International Cooperation Minister chairs 3rd meeting on LIBOR phase-out
LIBOR has been widely used since 1970s as reference rate for various financial instruments
Egypt, World Bank hold first meeting on LIBOR phase-out
London Interbank Offer Rate (LIBOR) has been widely used since the 1970s as a reference rate for various financial instruments.