posted
Hi dear , there is no danger of putting your money in egyptian bank , don,t worry , you will avoid losing your money when you get it here instead of bank Weir from America to egypt, Momen
Posts: 73 | From: Cairo | Registered: Jan 2006
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give it to me... i'll take care of it for you... promise!!!
Posts: 5642 | From: hellonearth.myfastforum.org Forum Index | Registered: Feb 2006
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posted
hsbc are offering good deal on le if you put money in and leave for a year you get 10% gross and then you treat the account as normal
Posts: 1344 | From: uk/ | Registered: Mar 2006
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I have very strong doubts that you may get 10% interest on US$ for a one-year deposit. Banks in Egypt are generally safe to deal with, you should stick with one of the names you can trust. A small warning, you will need to clear lots of red-tape as the money laundry agents in the banks are being more than skeptic about anyone opening a bank account for any reason whatsoever.
Posts: 88 | From: Khonfesharia | Registered: Jun 2004
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posted
one word of warning when you turn hard currencey £$in to a soft one you will have trouble changing it back with large amounts $3000 a time you can do
Posts: 1344 | From: uk/ | Registered: Mar 2006
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posted
the pound the dollar are strong ie (hard currency) a lot of crrrency in the asia area classed as soft curruncy thats why the banks in these countries offer high interest rates to atttract money from hard currency places which is good in some cases but what you have to watch for is the movement of the money exchange and over the last year the LE has moved down from 12 LE to 9,LE which is quite a lot from which way you look at it.so the higher it is the best for me to buy. the lower is a bad time and will cost me a lot more . also goes the same for money movement. but overall i think egypt will become at lot better place in the future. and all be it the yanks are backing the LE over the last few years.
i hope this helps take care
Posts: 1344 | From: uk/ | Registered: Mar 2006
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posted
it is a good time with the bank. but your money will grow quicker in property.and what if the money rates fall over night heavily. . no keep your money with egypt it will do better. as egypt will go from strenght to strenght.as it has its own people but things take time.
Posts: 1344 | From: uk/ | Registered: Mar 2006
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