NBE, Banque Misr offer new dollar certificates

Banque Misr provided savings certificates, including “al-Qema” and “Elite”, in US dollars for a period of three years since July 26.

The al-Qema certificate has a return of nine percent annually. It is a nominal certificate issued to Egyptians and foreigners.

The return is paid in advance for three years (27 percent) cumulatively in Egyptian pounds.

The Elite certificate has a return of seven percent annually. It is also a nominal certificate issued to Egyptians and foreigners, and the return is paid quarterly in US dollars.

The minimum purchase rate for the certificates is US$1000.

The return is calculated as of the business day following the day of purchase.

Dollar certificates can be redeemed after six months from the date of purchase in accordance with the applicable rules and the announced redemption schedule.

Dollar certificates from the National Bank of Egypt 2023:

The National Bank of Egypt now offers new dollar certificates for a period of three years.