Tag: CBE

Egypt to repay international bonds worth $3bn in December 2016: Finance Ministry

Egypt has other bonds worth $3.5bn that will be repaid in the…

Hossam Mounir

Panic dominates after punishment toughened on currency traders

Employees in exchange companies in the informal market express concern, outrage over…

Mohamed Ayyad

Would drop in reserves delay floating of EGP despite IMF report?

The timing of this move is in the hands of the CBE…

Hossam Mounir

Would shutting down exchange companies solve the US dollar crisis?

Opponents to the proposal point to the companies’ role in securing hard…

Hossam Mounir

IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility

  End-of-Mission press releases include statements of IMF staff teams that convey…

Daily News Egypt

IMF loan is last option for Egypt to escape economic crises: experts

IMF-leveraged deal is mandatory; a refusal would lead to losing loan sources,…

Shaimaa Al-Aees

Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives

Government moving quickly towards loan, while mission concerned about Cairo's ability to…

Mohamed Ayyad

Abdul Aal demands bill from MPs to cancel exchange companies

Parliament increased the penalties on those who change US dollar price on…

Daily News Egypt

Return to normal demand on US dollar in informal market

CBE allocates the value of Tuesday’s tender to cover imports of medicines,…

Hossam Mounir