foreign currency
Bloomberg says foreign currency crisis starting to ease
Business
May 11, 2017
Bloomberg says foreign currency crisis starting to ease
Bloomberg said the lifting of restrictions imposed on the customers’ credit card purchases overseas is an indication that the foreign currency crisis…
23% increase in remittances from Egyptians expats in January: CBE
Business
March 6, 2017
23% increase in remittances from Egyptians expats in January: CBE
Remittances from Egyptian citizens working abroad rose by 23% in January to US$1.6 billion, compared to US$1.3 billion in January 2016,…
Trump calls Chinese ‘grand champions’ of currency manipulation
Business
February 24, 2017
Trump calls Chinese ‘grand champions’ of currency manipulation
President Donald Trump declared China the "grand champions" of currency manipulation on Thursday, just hours after his new Treasury secretary…
Individuals to obtain foreign currency without restrictions in 2017: CBE official
Business
February 23, 2017
Individuals to obtain foreign currency without restrictions in 2017: CBE official
Individuals will be able to obtain foreign currency from banks without restrictions by the end of 2017, Aswat Masriya reported…
Egypt plans currency swap with Russia
Business
January 24, 2017
Egypt plans currency swap with Russia
The Egyptian government is considering signing a currency swap agreement with Russia, following in the footsteps of its agreement with…
In largest deal since 2011, exchange company sells US$2.5 million to NBE
Business
November 12, 2016
In largest deal since 2011, exchange company sells US$2.5 million to NBE
Egyptian Exchange Company and state-run National Bank of Egypt (NBE) struck the largest foreign currency deal in the local market…
Timeline: The Egyptian pound over the last five decades
Egypt
November 3, 2016
Timeline: The Egyptian pound over the last five decades
The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…
CBE not to impose restrictions on foreign currency exchange
Business
November 3, 2016
CBE not to impose restrictions on foreign currency exchange
The Central Bank of Egypt (CBE) said on Thursday it would not impose restrictions on the exchange of foreign currencies. "There…
Ismail seeks to reassure MPs over handling of currency crisis
Egypt
November 1, 2016
Ismail seeks to reassure MPs over handling of currency crisis
Egyptian Prime Minister Sherif Ismail told parliament on Monday the government was working with the central bank to bring an…
Egypt Suez Canal revenue rises to $447.6 mln in August
Business
October 25, 2016
Egypt Suez Canal revenue rises to $447.6 mln in August
Oct 25 Egypt's Suez Canal revenue rose to $447.6 million in August compared with $429 million in July, data from…