currency flotation
Egypt’s annual inflation rate down to 6.8 percent: CAPMAS
Economy
February 11, 2020
Egypt’s annual inflation rate down to 6.8 percent: CAPMAS
Egypt’s annual inflation rate fell to 6.8 percent in January 2020, compared to 12.2 percent in January 2019, according to…
Remittances increase 5.5% in 12 months: CBE
Economy
November 4, 2019
Remittances increase 5.5% in 12 months: CBE
The Central Bank of Egypt (CBE) stated on Monday that the remittances of Egyptian workers abroad in the months July…
Net foreign reserves up to US$44.11 billion: CBE
Egypt
April 4, 2019
Net foreign reserves up to US$44.11 billion: CBE
The Central Bank of Egypt stated on Wednesday that net foreign reserves recorded US$52 million in March, increasing to net…
Central Bank of Egypt reduces deposit, lending rates by 1 percent
Economy
February 17, 2019
Central Bank of Egypt reduces deposit, lending rates by 1 percent
The Central Bank of Egypt (CBE) on Thursday unexpectedly reduced the deposit rate, overnight lending rate, and the rate of main…
Egypt govt to raise dollar price in new budget: Reuters
Economy
March 6, 2018
Egypt govt to raise dollar price in new budget: Reuters
Three government sources anonymously told Reuters on Tuesday that the Egyptian government will increase the US dollar exchange rate in…
US dollar exchange rate approaching LE 18
Business
December 18, 2017
US dollar exchange rate approaching LE 18
The US dollar exchange rate hiked during Monday morning trading, approaching LE 18, with more than one bank selling it…
Egypt’s govt hikes gasoline, diesel prices, 2nd increase since currency flotation
Economy
June 29, 2017
Egypt’s govt hikes gasoline, diesel prices, 2nd increase since currency flotation
Egypt’s government on Thursday increased gasoline and diesel prices, in the second fuel hike since the currency was floated in…
Cost of electricity production doubled after currency flotation: sources
Egypt
May 9, 2017
Cost of electricity production doubled after currency flotation: sources
Officials in the Electricity Ministry said the average cost of electricity production doubled, from 46 piasters to more than 90…