Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of …
Tag:
floatation of Egyptian pound
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BanksEgypt NewsFeatureforex newsMoneyNewsThe Watch
BREAKING: Egypt’s central bank liberalises pound currency
by Yomna Yasserby Yomna YasserEgypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the …
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BanksEgypt NewsFeatureforex newsMoneyNewsThe Watch
Egyptian pound slips to weakest against U.S. dollar since Nov. 2016
Egyptian pound weakened on Wednesday to its lowest against the U.S. dollar since its devaluation in November …
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BanksEgypt NewsFeatureforex newsMoneyNewsThe Watch
Dollar climbs to strongest since Dec. 2016 vs Egyptian pound
The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian …
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Financial Institutions
IMF reaches staff-level agreement on second payment of Egypt loan
by Yomna Yasserby Yomna YasserThe International Monetary Fund has reached Friday a staff-level agreement on a second payment that would make …
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Banks
Egypt’s Banque Misr cancels limits on use of credit cards abroad
by Yomna Yasserby Yomna YasserEgypt’s second largest state-owned bank, Banque Misr has cancelled all the limits on Egyptians’ use of credit …
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Banks
Egypt’s foreign trade record $28 billion since currency float: official
by Yomna Yasserby Yomna YasserEgypt’s foreign trade since Nov 3rd, when the government floated the country’s currency, until April 10th recorded …
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Banks
Egypt’s central bank hikes key interest rates by 300 basis points, floats pound currency
by Yomna Yasserby Yomna YasserEgypt’s central bank announced Thursday it had hiked interest rates by 300 basis points in a move …