Government sought to decrease $60bn bill by ‘banning luxurious products’
Around $26bn of Egyptian imports are categorised as “essential”
Pound lost 9% of its value against dollar in 2015, retreat to contine in 2016
The dollar’s value rose from EGP 7.18 in January to EGP 7.83…
‘Euro’ and ‘dollar’ highest growing financial search terms on Google
The word “gold” makes up 40% of financial searches online
US Federal Reserve’s increase of dollar interest rates not reflected on Egyptian savings certificates
Meanwhile, the interest rates on dollar deposits in some banks increased at…
Will CBE succeed in pushing banks to increase dollar resources?
Banks made large profits; it is time to pay part of these…
Banks criticise CBE’s FX Auction regulations
The regulations were a new shock to banks that did not obtain…
Banks fail to receive their share of CBE dollar auction
It maintained the exchange rate of the dollar against the pound at…
CBE unable to meet EGPC’s dollar requirements
EGPC acquired $160m in October instead of $700m, says official
CBE to inject $1bn after new governor officially takes office
Last week CBE issued $1bn as part of bank’s plan to flood…
Attractive saving certificates with dollar deposits to remove restrictions on foreign currency: Pharos
These certificates can be bought in dollars and other foreign currencies, with…