Tag: LIBOR

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…

Hossam Mounir Hossam Mounir

Egypt’s International Cooperation Minister chairs 3rd meeting on LIBOR phase-out

LIBOR has been widely used since 1970s as reference rate for various…

Daily News Egypt Daily News Egypt

Egypt, World Bank hold first meeting on LIBOR phase-out

London Interbank Offer Rate (LIBOR) has been widely used since the 1970s…

Daily News Egypt Daily News Egypt