foreign reserves

Authorities looking for revenue boost, says planning minister
Business

Authorities looking for revenue boost, says planning minister

Minister of Planning and International Cooperation Ashraf al-Araby confirmed Tuesday that Egypt’s foreign cash reserves are enough to cover three…
Central Bank: Foreign reserves at 16-year low
Business

Central Bank: Foreign reserves at 16-year low

The Central Bank announced on its website Tuesday that foreign reserves had fallen to US$13.613 billion in January, compared to…
Central Bank cancels currency auction, to announce new mechanism Monday
Business

Central Bank cancels currency auction, to announce new mechanism Monday

Egypt's central bank cancelled an auction of foreign currency on Sunday and said it would announce details of upcoming auctions…
Pound dips as weekend violence prompts caution
Business

Pound dips as weekend violence prompts caution

The pound weakened against the dollar Sunday, as street violence and deaths added to the political crisis, extending a steady…
Central Bank: US$5 bn in foreign investments left Egypt in six months
Business

Central Bank: US$5 bn in foreign investments left Egypt in six months

A total of US$5 billion in foreign investments left Egypt during the last six months, the Central Bank of Egypt…
Brotherhood may pay price for currency fall
Business

Brotherhood may pay price for currency fall

Life in Egypt is about to get harder for ordinary people who will bear the brunt of inflation caused by…
Foreign reserves at critical low, Central Bank says
Business

Foreign reserves at critical low, Central Bank says

Foreign reserves are now at a critical low and must be maintained to repay the foreign debt to preserve the…
IMF welcomes Egypt’s effort to safeguard reserves
Business

IMF welcomes Egypt’s effort to safeguard reserves

The International Monetary Fund said Monday that it welcomed steps Egypt has taken to stop a drain on its international…
Egypt limits travelers leaving country to US$10,000 in cash
Business

Egypt limits travelers leaving country to US$10,000 in cash

Egypt has banned travelers from carrying more than US$10,000 in foreign currency cash in or out of the country, as…
Foreign reserves take hit in November; politics, low tourism to blame
Business

Foreign reserves take hit in November; politics, low tourism to blame

Foreign cash reserves held by the Central Bank of Egypt dropped by US$448 million in November, falling from $15.483 billion…
Back to top button