black market
C.bank governor: No black market in currencies in Egypt
Business
March 14, 2015
C.bank governor: No black market in currencies in Egypt
Egypt has enforced a set of rules which have eliminated the black market in currency, the central bank governor said…
Egyptian pound steady in official auction, weaker on black market
Business
February 22, 2015
Egyptian pound steady in official auction, weaker on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Sunday while…
Egyptian pound steady for fourth sale, stronger on black market
Business
February 8, 2015
Egyptian pound steady for fourth sale, stronger on black market
Egypt's pound sold at LE 7.53 per dollar for the fourth central bank auction in a row on Sunday, steadying…
Source: IMF urges central bank to unify currency exchange rates
Business
December 28, 2014
Source: IMF urges central bank to unify currency exchange rates
The International Monetary Fund has urged the Central Bank of Egypt to unify currency exchange rates at banks and exchange…
CBE seeks to control black market as dollar rises to LE7.82
Business
December 24, 2014
CBE seeks to control black market as dollar rises to LE7.82
A senior banking source revealed that the Central Bank of Egypt is seeking to control the black market after the…
Egyptian pound strengthens in black market after volatile week
Business
November 20, 2014
Egyptian pound strengthens in black market after volatile week
Egypt's pound held steady at a central bank dollar sale on Thursday, while black market prices were volatile but generally…
Egyptian pound steady on official market, weaker on black market
Business
November 17, 2014
Egyptian pound steady on official market, weaker on black market
The Egyptian pound was unchanged at a central bank dollar sale on Monday but weakened on the black market.The bank…
Cash reserves down 1.1 percent in May
Business
June 5, 2014
Cash reserves down 1.1 percent in May
On Thursday, Egypt's central bank announced a 1.1 percent drop in net cash reserves.
Currency black market shows limits of Egypt’s recovery
Business
February 4, 2014
Currency black market shows limits of Egypt’s recovery
Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange…