Tag: Foreign currency

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

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

Egypt launches initiative encouraging citizens abroad to increase remittances 

Egypt's ambassador to Riyadh announced the initiative during a celebration to commemorate…

Daily News Egypt

Economic professors, experts criticise government’s reform programme

IMF loan will not encourage Egyptian economy, says former finance minister

Hisham Salah

Sugar, foreign currency shortages to push prices up in coming weeks

For more than a month, Egypt has been facing a crisis in…

Hisham Salah

More liberalised exchange rate regime is one of the tools to solve foreign currency shortage: Amr El-Ganainy

Proper legislation has to be issued to incorporate the informal economy into…

Hossam Mounir

What are the challenges facing the Egyptian economy in the eyes of dealers?

Chief financial officers and heads of treasury sectors at banks (dealers) are…

Hossam Mounir

Crédit Agricole resumes use of prepaid, credit cards for online purchases

The bank noted that if a client uses different cards, the spending…

Daily News Egypt

Loans granted by banks see EGP 60bn increase in May

The total loans granted by banks to their clients, aside from the…

Daily News Egypt

Government policies increase poverty, future for the poor seems bleak: expert

Poverty in Egypt will increase throughout the year, as the government did…

Hisham Salah