Tag: dollar

The informal market returns to scene of US dollar crisis

USD price at banks stood at EGP 17.55 to buy, and EGP…

Hisham Salah Hisham Salah

Volatility of FX rate hiked mobile phone prices over one year

Companies resorted to the black market to secure their pre-flotation US Dollar…

Daily News Egypt Daily News Egypt

Customs dollar rate to go down in March: finance minister

The rate will be set at EGP 15.75, starting on Wednesday and…

Mohamed Ayyad Mohamed Ayyad

Strong fluctuations of pound against the dollar over the upcoming period

The dollar's rate ranging between EGP 14 and EGP 15.5 achieves the…

Hossam Mounir Hossam Mounir

No waiting lists for dollar, we provided $71bn since November 2015: CBE Governor

Egypt will pay $1.5bn of foreign oil companies arrears in 2017

Daily News Egypt Daily News Egypt

EGP exchange rate against USD remains stable

Settles below EGP 16 for first time since December 2016

Mohamed Samir Mohamed Samir

CBE provides $600m to settle dollar debts of about 570 companies

Companies will repay their debts—that resulted from fluctuations of exchange rates after…

Mohamed Ayyad Mohamed Ayyad

Dollar continues decline, expected to stand at ​EGP​ 16 in short term

The price of the pound against the dollar will reach equilibrium in…

Hossam Mounir Hossam Mounir

Does EGP improvement reflect real economic recovery?

A strong economy with a weak currency is better than a weak…

Mohamed Ayyad Mohamed Ayyad

Banks experiencing significant disposal operations of foreign currency; dollar registers lowest level since November 2016

Significant decline in Arab and foreign currencies traded in domestic market due…

Hossam Mounir Hossam Mounir