Tag: Foreign currency

Unifying foreign currency rate is a positive step: Tawfik

Car prices will not be affected by “liberalisation of customs exchange rate,”…

Yara El-ganiny Yara El-ganiny

Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn

Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end…

Hossam Mounir Hossam Mounir

Egypt pound under fire as CBE shifts to remove limits on foreign currency transfers

Companies getting ready to transfer their profits could weigh on the weak…

Elsayed Solyman Elsayed Solyman

Central Bank of Egypt removes foreign currency transfer limits

The move could spur foreign investments to Egypt, says Tarek Amer

Elsayed Solyman Elsayed Solyman

Borrowing rate will not slow down as debt is set to increase

The finance ministry sold new bonds on international markets worth $3bn

Hisham Salah Hisham Salah

World’s deepest devaluation tempts foreigners back to Egyptian markets

Renaissance Capital calls Egypt “haventrade”

Farida Ismail Farida Ismail

CBE resolves issue of temporary facilities obtained in foreign currency: Negm

Companies that owe more than $5m to banks will pay a 3.62%…

Hossam Mounir Hossam Mounir

CBE forces banks to notify it before providing foreign currency to government institutions

Banks are obliged to notify the CBE before providing foreign exchange for…

Hossam Mounir Hossam Mounir

Strong fluctuations of pound against the dollar over the upcoming period

The dollar's rate ranging between EGP 14 and EGP 15.5 achieves the…

Hossam Mounir Hossam Mounir

Banks experiencing significant disposal operations of foreign currency; dollar registers lowest level since November 2016

Significant decline in Arab and foreign currencies traded in domestic market due…

Hossam Mounir Hossam Mounir