Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says
CBE sells $1.5bn to cover portion of temporary credit facilities to importers
Banks are required to redeposit amounts obtained in the CBE auction with…
The difficult question of the dollar crisis
Many have raised questions about the reason behind the dollar crisis. Fortunately,…
The automotive sector’s shaky road
The Egyptian automotive market can be described in three terms: "suffered, suffering…
Is the CBE the only player to blame for the dollar crisis?
In a recent press conference, prominent economist and chief economic adviser at…
CBE to hold exceptional $1.5bn auction
CBE sold $200m to banks operating in the local market at rate…
Next fiscal year’s budget returned to government by parliament after partial floating of pound
Finance Ministry targets a deficit of 10.5% for the next fiscal year,…
CBE devalues EGP amid concerns over inflation and budget deficit increase
The decision is expected to have far-reaching repercussions on the deficit and…