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 .
The Central Bank of Egypt has launched CONIA, a new RFR benchmark, as it seeks to support the development of a more efficient domestic money market. The central bank launched the alternative rate at a workshop in Cairo, which also included a panel led by the EBRD that discussed international reforms to LIBOR.