Gold, Dollar, or Real Estate.. Where are the billions of savings certificates in Egypt headed?
The article discusses the fate of approximately 30 billion dollars worth of savings certificates in Egypt as their maturity period ends and the Central Bank has reduced interest rates multiple times.
Criticism of Interest Rate Policy: "Are the Savings Banks Really the Good Guys?"
Consumer protection advocates have criticized savings banks for withholding interest rates to encourage customers to invest in certificates that yield higher profits for the banks.