US dollar
Egypt moves towards changing linking of pound to US dollar
Business
October 24, 2022
Egypt moves towards changing linking of pound to US dollar
The Acting Governor of the Central Bank of Egypt, Hassan Abdullah, stated that the Central Bank is on its way…
Banks in Egypt reduce cash withdrawal limits abroad
Business
October 6, 2022
Banks in Egypt reduce cash withdrawal limits abroad
A number of Egyptian banks have reduced the limits of cash withdrawals for customers outside Egypt, in a measure aimed…
Will Moscow eliminate the dominance of the dollar with the support of friendly countries?
Features/Interviews
September 30, 2022
Will Moscow eliminate the dominance of the dollar with the support of friendly countries?
With the price of the dollar rising to its highest level in 20 years and the Russian ruble achieving superiority…
Businessman Abu Hashima suggest establishing ‘gold bank’ in Egypt
Business
September 28, 2022
Businessman Abu Hashima suggest establishing ‘gold bank’ in Egypt
Advisor to the Minister of Supply for Gold Industry Affairs, Nagy Farag, praised Egyptian businessman and head of the Youth…
Explainer: Booking.com to deal in US dollars, foreign tourism to Egypt not expected to suffer
Egypt
September 27, 2022
Explainer: Booking.com to deal in US dollars, foreign tourism to Egypt not expected to suffer
The online booking site, Booking.com, announced that it will deal in US dollars for users of the site from…
CBE withdraws LE100 billion of liquidity for 6th time in a month
Business
September 21, 2022
CBE withdraws LE100 billion of liquidity for 6th time in a month
Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
US dollar price sees significant rise Thursday
Business
September 15, 2022
US dollar price sees significant rise Thursday
The price of the US dollar, on Thursday, September 15, 2022, recorded a significant rise in the Central Bank of…
Can Egypt adopt the Russian ruble instead of the US dollar?
Business
September 13, 2022
Can Egypt adopt the Russian ruble instead of the US dollar?
Yaman al-Hamaki, Professor of Economics at Ain Shams University, commented the possibility of using, beside the US dollar, in Egypt,…
Recent finance minister’s decisions to temporarily return goods to market
Business
September 1, 2022
Recent finance minister’s decisions to temporarily return goods to market
The Egyptian market is thirsty for many products, but the recent measures give an indication and hope that many goods…
Foreign currencies exchange rate against Egyptian pound on Wednesday
Business
August 31, 2022
Foreign currencies exchange rate against Egyptian pound on Wednesday
Wednesday’s exchange rates for foreign currencies at the Central Bank of Egypt (CBE) are as follows: The US dollar is…