The Central Bank of Egypt has introduced Alternative , a new RFR benchmark , as it seeks to support the development of a more efficient domestic money supply . The central bank launched CONIA today at a workshop in Cairo that also included a panel discussion on international reforms to the London Interbank Offered Rate (LIBOR), led by the EBRD. The central bank introduced the alternative rate at a conference in Cairo , which also included a panel led by the EBRD that discussed international reforms to LIBOR .
The Central Bank of Egypt has introduced Alternative , a new RFR benchmark , as it seeks to support the development of a more efficient domestic money supply . The central bank introduced the alternative rate at a conference in Cairo , which also included a panel led by the EBRD that discussed international reforms to LIBOR .