Tag: US dollar

US dollar at customs repriced daily according to average bank rates on day before: ECA

The Central Bank of Egypt (CBE) sets the US dollar price for…

Mohamed Ayyad

Pound flotation attracts foreign investors to EGX

Heads of financial institutions contend that these funds are high-risk

Mohamed Ahmed

US dollar at customs repriced daily according to average bank rates on day before: ECA

The official price at customs on Tuesday registered EGP 17.26, hitting EGP…

Mohamed Ayyad

Egyptian Automotive Dealers Association halts imports for November

The Egyptian Automotive Dealers Association held a meeting for leading car importers…

Ahmed Dawoud

US dollar exchange rate stable on 1st day of Egyptian pound’s complete flotation

Sunday marks the first day of the Egyptian pound’s complete flotation in…

Hossam Mounir

Electricity Ministry may cease negotiations for new equipment purchases following pound flotation

Offers and prices of companies changed after the US dollar exchange rate…

Mohamed Farag

Increased cash support for subsidy cardholders is not enough: expert

Egypt floated its currency on Thursday, allowing it to fall from its…

Hisham Salah

30% hike in inflation rate in short term: Beltone Financial

The Central Bank of Egypt (CBE) announced on Thursday that it is…

Hisham Salah

Banks confused over US dollar pricing during first 3 days after flotation

Chaos is normal since this is the first time for Egypt, but…

Hossam Mounir

Bank are free to price the US dollar: CBE

This comes after the CBE fully floated the exchange rate on Thursday…

Hossam Mounir