currency black market
Dollar price climbs on black market after rumors of partial floatation of pound
Business
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
US dollar hits LE13.10 on black market after Sisi’s speech
Business
September 28, 2016
US dollar hits LE13.10 on black market after Sisi’s speech
Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Egypt sets jail as punishment for black market forex trading
Business
August 10, 2016
Egypt sets jail as punishment for black market forex trading
Egypt's parliament on Tuesday set prison sentences of between three and 10 years in jail and fines of up to…
Egypt’s central bank keeps pound stable at 8.78 per dollar
Business
July 26, 2016
Egypt’s central bank keeps pound stable at 8.78 per dollar
The Central Bank of Egypt (CBE) kept the pound stable at 8.78 per dollar at its weekly foreign currency auction…
Egypt pound weaker on black market amid dollar hoarding
Business
April 21, 2016
Egypt pound weaker on black market amid dollar hoarding
The Egyptian pound weakened on the parallel market on Tuesday reaching LE11 against the dollar at a time when Egypt's…
Unified exchange rates to be set daily: Supply Ministry
Business
March 21, 2016
Unified exchange rates to be set daily: Supply Ministry
A unified exchange rate for US dollars will be reset each day to ensure stability for currency rates, according to…
Banque Misr: dollar black market rate down to LE9
Business
March 13, 2016
Banque Misr: dollar black market rate down to LE9
The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Central bank removes dollar deposits cap for companies
Business
March 9, 2016
Central bank removes dollar deposits cap for companies
The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
Business
February 20, 2016
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
The African Export-Import Bank (Afreximbank) has agreed a US$500 million facility with the Central Bank of Egypt (CBE) to help…
Egyptian pound steady at forex sale, black market under pressure
Business
February 18, 2016
Egyptian pound steady at forex sale, black market under pressure
The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…