foreign currency reserves

Finance minister: economic reform provides state budget with LE31.2 billion
Business

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

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

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

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

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

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

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

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…
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