Panic dominates after punishment toughened on currency traders
Employees in exchange companies in the informal market express concern, outrage over…
Would shutting down exchange companies solve the US dollar crisis?
Opponents to the proposal point to the companies’ role in securing hard…
Value of 1st IMF tranche not determined yet: Finance Minister
Value of 1st tranche to be determined during coming 4 to 6…
Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme
Primary agreement between IMF and Egypt; IMF executive board to determine timing…
IMF, Egypt reach agreement on 3-year $12bn extended fund facility
CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says…
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…
Egypt pays $2.25bn of external debt in July: CBE
Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…
Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire
Banque du Caire, along with all state-owned banks, does not obtain its…
Stabilising US dollar exchange rate, CBE confuses dollar holders once again
The CBE directed banks to allocate foreign currency for imports of medication
Bankers weigh in on the proposal to convert government’s debt to banks into shares in national projects
Some believe it is feasible while others claim it is fruitless