currency exchange

What devaluation? Egyptian currency traders shrug off black market crackdown
Business

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

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

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

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

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

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

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

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

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

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…
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