Argentina’s central bank has reduced its benchmark interest rate from 100 per cent to 80 per cent, …
Tag:
currency devaluation
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Egypt NewsFeatureIndustry & TradeNewsTech/AI
Turkey textile makers mull shift to Egypt
by Nada Aliby Nada AliTurkish textile manufacturers are considering shifting their manufacturing investments to Egypt due to currency devaluation and promised …
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Financial Institutions
Nigeria, Egypt currency depreciations depress Africa insurance premium: AIO
by Yomna Yasserby Yomna YasserThere are indications that currency devaluation such in Egypt and Nigeria, is taking huge toll on Africa’s …
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Banks
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
by Yomna Yasserby Yomna YasserA currency devaluation may do little to fix Nigeria’s problems unless it follows the examples of emerging …
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EGX
Cairo stocks end week in record volume on signs of dollar inflows
by Yomna Yasserby Yomna YasserEgypt’s stock market jumped in record volume on Thursday triggered by signs that hard currency was flowing …
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forex news
Egyptian pound hits record low to 12.90 against dollar on black market
by Yomna Yasserby Yomna YasserEgypt’s currency has weakened to a record low of 12.90 against the dollar on the black market …
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Egypt’s stock market pared its advance on Monday after two sessions of strong gains. Main index, EGX30 …
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forex news
Japan rules out FX devaluation, signals action vs abrupt yen surge
by Yomna Yasserby Yomna YasserJapan will refrain from competitive currency devaluations but retains the right to act against short-term yen swings, …
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Egypt’s main index, EGX30 dropped Tuesday extending the correction which started at the end of last week. …
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Banks
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
by Yomna Yasserby Yomna YasserThe recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign …
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