Tag: Egypts
US Dollar Rises 50% In Egypt’s Foreign Exchange Black Market
The conflict in the Middle East between Israel and Palestine is proving to be expensive for new BRICS member Egypt, as the US dollar sharply spiked b [...]
Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023 – Economics Bitcoin News
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to [...]
Egypt’s central bank taking action to regulate forex market
CAIRO, Dec 26 (Reuters) - Egypt's central bank said on Monday it is taking all necessary actions to regulate the foreign exchange market and achieve m [...]
Egypt’s PM, CBE Governor follow up on necessary FX reserves for importing basic commodities
Egypt’s Prime Minister Mostafa Madbouly met with Acting Governor of the Central Bank of Egypt (CBE) Hassan Abdalla on Sunday to follow up on the count [...]
Egypt’s jailed activist goes on hunger strike as UN climate summit launches
As leaders of civil society, climate science, and the world land in the Egyptian resort town of Sharm El-Sheikh for the COP27 summit for climate ne [...]
Egypt’s currency slides as IMF deal triggers new FX regime
Central bank hikes rates in effort to contain inflationIMF says deal can catalyze about $5bln in FY 2022/33Finance rules that snarled imports to be ph [...]
Egypt’s foreign exchange gap closing, no intention of significantly devaluing exchange rate: CBE top official – Economy – Business
In exclusive remarks to Al-Ahram, Negm stressed that there is no cause for concern with regard to the repayment of foreign debt installments.
It is [...]
Egypt’s foreign exchange reserves decrease
A report from the institution attributed this decline to the measures taken to counteract the impact of the crisis in Ukraine on global markets [...]
$222m increase in Egypt’s FX reserves during November 2021: CBE
The Central Bank of Egypt (CBE) has revealed that the foreign exchange (FX) reserves increased by $222m to $34.03 [...]