Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage
To reduce dollar shortage crisis at banks, the foreign currency deposit cap…
CBE’s decision to raise dollar deposit cap ineffective in bolstering import market: Sheha
The dollar reached EGP 8.6 on the black market
Importers believe Industry Minister’s decree violates WTO agreements
Decree aims to circumvent the laws and is not fair to importers,…
Tensions erupt between importers and CBE Governor Tarek Amer
The regulations the CBE put forth for are destructive; we demand an…
CBE to cover 25% of banks’ temporary credit facilities granted to importers in foreign currencies
Banks are obliged to deposit the amounts the will obtain with the…
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…
Demands continue for dollar liquidity for imports
CBE has pumped $4.8bn in liquidity since the start of 2015