For any central bank balking at freeing up its currency for the fear of inflicting pain on …
Tag:
pound float
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Banks
Remittances from expatriate Egyptians surge 11.1% since pound float
by Yomna Yasserby Yomna YasserRemittances from Egyptian expats have risen by 11.11 percent during the period between the currency float in …
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Banks
Egypt’s Misr Iran bank 2016 profits jump to 1 bln pounds on currency float
by Yomna Yasserby Yomna YasserEgypt’s Misr Iran Development Bank (MIDB) says profits had risen to one billion Egyptian pounds ($55 million) …
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Financial Institutions
Foreign investments in Egyptian treasury bills hit $500 million since pound float
by Yomna Yasserby Yomna YasserForeign investments in the Egyptian treasury bills have reached $500 million since the country’s central bank devalued …
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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 …