Turkey is reconsidering an interest rate hike, just two months after ending its tightening cycle amid strong …
FX
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Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted …
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Banks
CIB Bank limits use of bank cards abroad as Egypt FX shortage bites
by Yomna Yasserby Yomna YasserEgypt’s largest private bank, Commercial International Bank (CIB), informed customers on Wednesday it was reducing the amount …
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The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the …
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Egypt lowered its economic growth forecast to a range of 4 to 4.25 percent for the current …
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Egypt News
Egypt central bank says it injected $14 bln in three months to ease dollar crunch
by Noha Gadby Noha GadEgypt’s central bank has injected over $14 billion dollars into local banks over the past three months …
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Egypt’s Central Bank will inject more dollar liquidity in the coming month, the presidency’s office said in …
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Egyptian President Abdel-Fattah El-Sisi urged his government to cut back on imports, backing the central bank’s efforts …
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Russia’s Prime Minister Dmitry Medvedev said on Saturday that the government and central bank are preparing measures …