Tag: currency

Egypt aims for $300bn in foreign currency income annually by 2030

Cabinet outlines eight strategic directions for economy for 2024-2030

Daily News Egypt Daily News Egypt

Government postpones costly projects after local currency depreciation

The measures, detailed in the government’s official gazette, include stopping spending on…

Daily News Egypt Daily News Egypt

Property buyers hedged against inflation, currency devaluation by investing in real estate: JLL

The residential sector witnessed higher levels of sales activity in Q3

Daily News Egypt Daily News Egypt

CBE to discuss interest rates, local currency exchange on Thursday

US dollar reaches all-time high against Egyptian pound, Fed raises rates by…

Hossam Mounir Hossam Mounir

EGP 516.9bn increase in non-governmental bank deposits in local currency within 6 months: CBE

Non-governmental bank deposits in local currency reach EGP 4.986trn in June 2022

Hossam Mounir Hossam Mounir

Local-currency bank deposits increase EGP 88.589bn in September: CBE

In a recent report, the CBE stated that demand deposits in local…

Hossam Mounir Hossam Mounir

US dollar slips after Fed holds interest rates steady

Euro was up to 1.1764 US dollar from 1.1721 dollars in the…

Xinhua Xinhua

Foreign currency deposits account for 21.73% of total bank deposits end-May

Deposit growth fell to 11.34% in May from 11.46% in April

Hossam Mounir Hossam Mounir

IMF warns that currency devaluations will not fix a country’s economic problems

Monetary easing can help stimulate domestic demand, which in turn benefits other…

Gustavo Adler Gustavo Adler

Declining global interest rates to encourage hard currency borrowing in EM: IIF

Notably, China’s share of inbound FDI rose steadily from 5.4% in 2013…

Daily News Egypt Daily News Egypt