dollar
Former EGX chief: CBE policies could yield negative results
Business
July 15, 2015
Former EGX chief: CBE policies could yield negative results
A former head of Egypt’s stock market has warned that measures by the Central Bank of Egypt to control the…
Industry federation backs CBE decision on dollar surge
Business
July 7, 2015
Industry federation backs CBE decision on dollar surge
Egypt’s industry federation has voiced support for the central bank’s decision to raise US dollar exchange rates against the Egyptian…
CBE governor: Law bans Egyptian public sector companies from dealing in US dollars
Egypt
June 11, 2015
CBE governor: Law bans Egyptian public sector companies from dealing in US dollars
Governor of the Central Bank, Hesham Ramez stressed that the law completely prohibits the Egyptian public sector companies from dealing…
Report: Foreign Ministry violates currency rates when paying diplomats
Egypt
June 9, 2015
Report: Foreign Ministry violates currency rates when paying diplomats
A judicial report has unveiled flagrant violations of currency exchange rates in the Ministry of Foreign Affairs’ payment system for…
Importers complain of funding crisis due to limits imposed on US dollar by CBE
Business
April 22, 2015
Importers complain of funding crisis due to limits imposed on US dollar by CBE
Importers are facing, among other difficulties, a lack of foreign currency and trouble opening letters of credit, said Chief of…
Egyptian pound steady on official, stronger on black market
Business
March 29, 2015
Egyptian pound steady on official, stronger on black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday,…
Dollar at 12-year peak on euro, emerging markets spooked
Business
March 10, 2015
Dollar at 12-year peak on euro, emerging markets spooked
The US dollar scored multi-year highs against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for…
No trace of Russian ruble on Egyptian market
Business
February 15, 2015
No trace of Russian ruble on Egyptian market
Despite Egypt and Russia's announcement that the two countries would depend on the Russian ruble in transactions between both countries, the…
Egyptian pound weakens to new low of LE7.53 per dollar
Egypt
February 2, 2015
Egyptian pound weakens to new low of LE7.53 per dollar
Egypt's pound weakened to LE 7.53 per dollar, from LE 7.51 at the last sale, at a central bank auction…
Dollar mortgage holders urge Russia to end ‘financial slavery’
World
December 26, 2014
Dollar mortgage holders urge Russia to end ‘financial slavery’
When Olga Savelyeva took out a $226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008,…