Dollars
CBE restricts misuse of credit and debit cards abroad
Business
December 23, 2022
CBE restricts misuse of credit and debit cards abroad
The Central Bank of Egypt has instructed banks operating in Egypt to restrict the use of debit and credit cards…
Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop ‘NOPEC’ – sources
Middle East
April 5, 2019
Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop ‘NOPEC’ – sources
LONDON/DUBAI (Reuters) – Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes…
Remittances from Egyptian expats up 40 pct from same period last year: CBE
Economy
October 9, 2017
Remittances from Egyptian expats up 40 pct from same period last year: CBE
Remittances from Egyptian expats were reportedly 40 percent higher in August than in the same month last year, registering $1.7…
US dollar exchange rate stable during Sunday trading
Economy
May 21, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
Egypt cbank injects dollars into banks in special measure to ease shortage
Business
December 14, 2015
Egypt cbank injects dollars into banks in special measure to ease shortage
Egypt's central bank injected more foreign currency liquidity into the banking system in a surprise operation on Sunday, bankers said,…
Egypt govt working with cbank to ease currency pressures: PM
Egypt
November 17, 2015
Egypt govt working with cbank to ease currency pressures: PM
Egypt's government is working with the central bank to ease downward pressure on the currency by trying to boost exports…
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Business
November 17, 2015
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Tuesday,…
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…
Dollar rises on rate hike talk, stocks hurt by China fears
Business
September 28, 2015
Dollar rises on rate hike talk, stocks hurt by China fears
An uptick in US economic growth increased expectations the Federal Reserve will hike US interest rates by the end of…
Egyptian pound steady at official auction and on black market
Business
May 26, 2015
Egyptian pound steady at official auction and on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, while…