currency black market

Dollar price climbs on black market after rumors of partial floatation of pound
Business

Dollar price climbs on black market after rumors of partial floatation of pound

The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
US dollar hits LE13.10 on black market after Sisi’s speech
Business

US dollar hits LE13.10 on black market after Sisi’s speech

Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Egypt sets jail as punishment for black market forex trading
Business

Egypt sets jail as punishment for black market forex trading

Egypt's parliament on Tuesday set prison sentences of between three and 10 years in jail and fines of up to…
Egypt’s central bank keeps pound stable at 8.78 per dollar
Business

Egypt’s central bank keeps pound stable at 8.78 per dollar

The Central Bank of Egypt (CBE) kept the pound stable at 8.78 per dollar at its weekly foreign currency auction…
Egypt pound weaker on black market amid dollar hoarding
Business

Egypt pound weaker on black market amid dollar hoarding

The Egyptian pound weakened on the parallel market on Tuesday reaching LE11 against the dollar at a time when Egypt's…
Unified exchange rates to be set daily: Supply Ministry
Business

Unified exchange rates to be set daily: Supply Ministry

A unified exchange rate for US dollars will be reset each day to ensure stability for currency rates, according to…
Banque Misr: dollar black market rate down to LE9
Business

Banque Misr: dollar black market rate down to LE9

The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Central bank removes dollar deposits cap for companies
Business

Central bank removes dollar deposits cap for companies

The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
Business

Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage

The African Export-Import Bank (Afreximbank) has agreed a US$500 million facility with the Central Bank of Egypt (CBE) to help…
Egyptian pound steady at forex sale, black market under pressure
Business

Egyptian pound steady at forex sale, black market under pressure

The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…
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