foreign currency reserves
Finance minister: economic reform provides state budget with LE31.2 billion
Business
January 20, 2013
Finance minister: economic reform provides state budget with LE31.2 billion
Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…
New Central Bank governor: Pound slide is nothing to worry about
Egypt
January 12, 2013
New Central Bank governor: Pound slide is nothing to worry about
New Central Bank Hesham Ramez said that the current rise of the US dollar against the Egyptian pound is normal…
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Business
January 3, 2013
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Dollar exchange rates in Egyptian banks have stabilized at the amount of LE6.42 for buying and LE6.39 for selling, with…
Finance minister hopes to grow foreign reserves by mid-year
Business
January 2, 2013
Finance minister hopes to grow foreign reserves by mid-year
As the value of the pound falls and the country struggles to deal with a foreign currency shortfall, Planning and…
Central bank offers US$75 mln at 2nd currency auction
Business
December 31, 2012
Central bank offers US$75 mln at 2nd currency auction
Egypt's central bank said it was offering to sell US$75 million to banks on Monday at its second foreign currency…
International cooperation minister projects foreign reserves to rise next month
Business
April 23, 2012
International cooperation minister projects foreign reserves to rise next month
Minister of Planning and International Cooperation Fayza Abouelnaga expects foreign reserves to rise next month with the stabilization of political…
Egypt foreign reserves stand at $15.7 billion
Business
March 4, 2012
Egypt foreign reserves stand at $15.7 billion
Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…
Syria currency reserves to run out soon, diplomat says
World
February 22, 2012
Syria currency reserves to run out soon, diplomat says
Syria will exhaust its foreign currency reserves in three to five months, sparking crisis in an economy reeling from sanctions…