Property developer Saudi Egyptian Construction Company (SECON) is planning to pump investments of two billion Egyptian pounds …
Tag:
exchange rate
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forex news
Bankers rule out floating Egyptian currency before making official request for IMF loan
by Yomna Yasserby Yomna YasserBankers ruled out the flotation of the Egyptian pound by Egypt’s central bank before making the official …
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Financial Institutions
Lagarde: Egypt has to do more on exchange rate, subsidies files to seal $12bn deal
by Yomna Yasserby Yomna YasserEgypt has “almost completed” the actions required for International Monetary Fund’s $12 billion loan, but some measures …
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Banks
Egypt sold $500 mln in T-bills, bonds since devaluation,anticipates billions more
by aya salahby aya salahInvestments in Egyptian treasury bills and bonds increased by $500 million since the Egyptian pound was devalued …
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forex news
What will Egypt’s flexible exchange rate look like? – Reuters
by Yomna Yasserby Yomna YasserEgypt’s decision to make the exchange rate more flexible will return the central bank to the managed …
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Economists and bankers have welcomed the Central Bank of Egypt’s decision to adopt a more flexible exchange …
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Egypt is “definitely not going” to float its currency with foreign currency reserves at their current level, …
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The currency exchange rate will improve with restored confidence in Egypt’s economy after the presidential elections, according …
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On Saturday, the exchange rate of the Egyptian pound against US Dollar have slightly increased to EGP …
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Banking experts demanded that exchange rate shall be determined by supply and demand factors instead of being backed by the government. …