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…
Chinese finance institutions immerse into Egypt’s economy, pump dollars into market
86 Chinese companies have invested more than $1.1bn in the Suez Canal…
Finance Ministry to choose 4 investment banks to offer dollar bonds abroad
Final decisive selection of the list will come today
New exchange rates drive up Egypt Duty Free revenues by 13.7% despite tourism slump
Egypt Duty Free’s activity is influenced greatly by the movement of foreign…
Black market in dollars and diesel thrives at Libya’s cost
Like much else in Libya, the financial system has broken down. Corruption…
Local, international institutions offer to invest $1.168bn in treasury bills
The bills’ interest rate saw a 40 points increase compared to CBE’s…
Official instructions on converting importers’ debts not yet received: Banks
A prominent banker told Daily News Egypt that banks operating in the…
CBE to convert $4bn worth of dues on importers to local currency
Tarek Amer holds frequent meetings with public bank heads to discuss developments…
Egypt’s foreign reserves lose $1.76bn in September
International reserves record lowest level in 1.5 years
CBE to resume issuing dollar sale tenders to banks Tuesday
Stability of US dollar rate against Egyptian pound stands between EGP 7.78…