Banque Misr explains the benefits of the Talaat Harb savings certificate that caused the dollar to rise

Banque Misr recently issued a statement explaining the benefits of the Talaat Harb Savings Certificate with an annual return of 25% in the country, after the significant appreciation of the dollar in Egypt after the announcement of this certificate.

The statement said: “Banque Misr today decided to re-issue a new savings vessel, the Talaat Harb certificate, which is an annual savings certificate with a fixed rate of return for the duration of the certificate holding per month. with a yield of 22.5% per annum, and the categories of the certificate start at 1,000 pounds sterling and are multiples of it and are issued to individuals or minors, whether Egyptians or foreigners, and the period is calculated from the business day following the purchase.

He added: “Borrowing is possible with the guarantee of the certificate, in addition to the possibility of issuing credit cards with its guarantee, and the certificate can be obtained after 6 months, starting from the business day following the date of purchase of the certificate in accordance with the restoration rules and regulatory conditions.” .

The dollar rose significantly in Egypt, breaking the £26 barrier for the first time in history immediately after the announcement of the savings certificate.

Source: RT