foreign currency crisis

Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go…

Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the…

Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed…

The Egyptian pound weakened on the parallel market on Tuesday reaching LE11 against the dollar at a time when Egypt's…

Egypt's central bank will keep the pound stable at LE8.78 pounds to the dollar in Thursday's additional foreign currency auction,…

Egypt's General Prosecution is investigating around 15 exchange bureaus after the central bank reported them for hoarding dollars and contributing…

The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…

Suez Cement, which is 55 percent owned by Italian firm Italicementi, is struggling to transfer shareholder profits out of Egypt…

Egypt's central bank said on Sunday it would hold an exceptional auction for US$500 million to cover imports of strategic…

Egypt's civil aviation ministry said on Thursday it had reached an agreement with the central bank over paying foreign airlines…