Hossam Mounir

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Dollar records its highest level against Egyptian pound this week

The official rate for the dollar at the CBE on Thursday registered…

Hossam Mounir

Unemployment hits 12.6% in Q3 of 2016: CAPMAS

The unemployment rate in Egypt has risen to 12.6% during the third…

Hossam Mounir

Highly expected that basic interest to remain unchanged on Thursday

Current interest rates on the pound may remain unchanged for three to…

Hossam Mounir

US dollar price varies at banks, CBE on Tuesday

Bankers expect the greenback to change hands at EGP 15-16 for three…

Hossam Mounir

CBE refutes rumours on changing banknote designs

The Central Bank of Egypt (CBE) denied rumours that it plans to…

Hossam Mounir

SMEs Investors Association calls on government to review the sector’s legislation

We will soon launch a website to help young people establish and…

Hossam Mounir

I expect stability in the foreign exchange market by early 2017: prominent banker

No state in the world has entirely floated its currency without facing…

Hossam Mounir

Market sees high sales volume of dollars, new saving certificates at banks in 2nd week since flotation

The amount of dollars Banque du Caire received in one day is…

Hossam Mounir

Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker

High expectations that foreign currency deposits will decrease while Egyptian pound deposits…

Hossam Mounir

US dollar price falls even further at CBE, banks while EGX profits EGP 9.3bn

The price of the US dollar dropped below EGP 16, with expectations…

Hossam Mounir