Currency swap agreements have recently become an alternative method to confront financial crises, according to a research paper prepared by former Central Bank of Egypt Governor and professor of economics, Mahmoud Aboul Oyoun.
The Instant Payment Network (InstaPay) now allows the use of InstaPay application and financial transactions in real time outside Egypt through its application.
The Central Bank of Egypt announced that the financial transactions that took place through instant payments network "InstaPay" during the fiscal year March 2022 - March 2023 totaled to LE 112.7 billion, through 20.3 million transactions carried out by 2.16 million users.
Benedict Oramah: Afreximbank mobilises $35 billion for African development today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.