Tag: US dollars

CBE has no intention of allowing cryptocurrency in Egypt: official

Bitcoin plans to launch in Egypt by late August, awaits needed legislation…

Reem Hosam El-din Reem Hosam El-din

Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation

Banks operating in the local market have begun to ease restrictions set…

Hossam Mounir Hossam Mounir

Chambers of Commerce to limit imports to production inputs, basic goods for 3 months to preserve US dollars

4.3 million traders expected to stop buying US dollars for 2 weeks…

Daily News Egypt Daily News Egypt

Lufthansa considers limiting sales of tickets to US dollars, credit cards from November

We are owed €15m by the government, which impacts our financial results,…

Aisha Zidane Aisha Zidane

Will accepting payments in yuan lure Chinese tourists to Cambodia?

In a bid to attract more Chinese tourists into the country, Cambodia…

Deutsche Welle Deutsche Welle

Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire

Banque du Caire, along with all state-owned banks, does not obtain its…

Hossam Mounir Hossam Mounir

Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis

Recent amendments aim to keep up with the economic conditions and not…

Mohamed Ahmed Mohamed Ahmed

CBE grants banks $118.7m, returns to quota in Tuesday’s auction

Banks were granted this amount at a price of EGP8.78 to the…

Hossam Mounir Hossam Mounir

US ‘does not believe’ Egypt and Russia will end dollar usage

State Department spokesperson Jen Psaki says US supports nuclear power programme under…

Aya Nader Aya Nader

US dollar rise to stop at EGP 8 before Economic Summit: FEI head

Reducing the gap between the official price and black market price will…

Doaa Farid Doaa Farid