currency exchange
What devaluation? Egyptian currency traders shrug off black market crackdown
Business
April 22, 2016
What devaluation? Egyptian currency traders shrug off black market crackdown
Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed…
Egyptian pound weakens to record against the dollar on black market
Business
March 28, 2016
Egyptian pound weakens to record against the dollar on black market
The Egyptian pound fell to an unprecedented low on the black market on Monday, five traders said, as hard currency…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
Business
March 17, 2016
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Business
March 15, 2016
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Business
March 14, 2016
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
Sawiris eyes EU50 bn bank in Luxembourg
Business
March 8, 2016
Sawiris eyes EU50 bn bank in Luxembourg
Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
Egyptian pound steady at forex sale, stronger on black market
Business
February 28, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but was stronger on…
Egyptian pound steady at forex sale and black market
Business
February 21, 2016
Egyptian pound steady at forex sale and black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black…
Egyptian pound steady at forex sale, stronger on black market
Business
February 2, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but strengthened on the…
Egypt’s fight against currency black market a double-edged weapon
Business
September 29, 2015
Egypt’s fight against currency black market a double-edged weapon
Egypt’s efforts to combat illegal currency exchanges, besides succeeding largely in curtailing the shadowy dollar trade, has negatively impacted businesses…