foreign currency

Egyptian pound steady at forex sale, weaker on black market
Business

Egyptian pound steady at forex sale, weaker on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
Egyptian pound steady at forex sale, weaker on black market
Business

Egyptian pound steady at forex sale, weaker on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but weakened on the…
Egyptian pound weakens on black market, steady at official auction
Business

Egyptian pound weakens on black market, steady at official auction

The Egyptian pound slipped further on the black market on Thursday, piling more pressure on the central bank to devalue…
Egypt to set 2016-17 budget at devalued exchange rate
Business

Egypt to set 2016-17 budget at devalued exchange rate

Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…
Dollar surges against Egyptian pound after cbank raises cap on deposits
Business

Dollar surges against Egyptian pound after cbank raises cap on deposits

The dollar surged against the Egyptian pound on the black market on Wednesday, a day after the central bank raised…
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Business

Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine

Egypt's central bank raised the cap on foreign currency deposits to US$250,000 a month for importing food, capital machinery, manufacturing…
Egyptian pound steady at forex sale, strengthened on black market
Business

Egyptian pound steady at forex sale, strengthened on black market

Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday but the…
Meat producers plea for release of imports stranded at seaports
Business

Meat producers plea for release of imports stranded at seaports

Four meat importing companies have sent a memo to Agriculture Minister Essam Fayed urging him to facilitate the release of…
International reserve at US$16,455 in December: CBE
Business

International reserve at US$16,455 in December: CBE

Egypt’s net international reserves stood at US$16,455 in December, the Central Bank of Egypt said on Tuesday. The current reserve is…
Central Bank governor promises to review foreign currency deposit restrictions
Economy

Central Bank governor promises to review foreign currency deposit restrictions

Central Bank Governor Tarek Amer, who begins his term on November 27, promised businessmen that he would review all restrictions…
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