foreign reserves
Authorities looking for revenue boost, says planning minister
Business
February 5, 2013
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
February 5, 2013
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
February 4, 2013
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
January 27, 2013
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
January 16, 2013
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
January 3, 2013
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
December 31, 2012
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
December 31, 2012
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
December 25, 2012
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
December 6, 2012
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…