Tag: Foreign currency

3 Egyptian exchange companies surpass EGP 15bn in foreign currency collections post-liberalisation

Since the liberalisation of the exchange rate, three exchange companies have collectively…

Daily News Egypt Daily News Egypt

Foreign currency inflows rise in banks, exchange offices following EGP liberalisation

Average dollar value decreases by EGP 1.7 from its peak after flotation,…

Hossam Mounir Hossam Mounir

Egypt plans to launch company to export, rent property in foreign currency

The Egyptian government plans to set up a company to handle the…

Daily News Egypt Daily News Egypt

How can futures eliminate parallel market of foreign currency in Egypt?

Creating liquidity on futures contracts is guarantee of new mechanism

Fatma Salah Fatma Salah

Household sector accounts for 80.4% of total bank deposits

It accounts for 83.6% of total deposits in local currency, 68.7% in…

Hossam Mounir Hossam Mounir

Unifying foreign currency rate is a positive step: Tawfik

Car prices will not be affected by “liberalisation of customs exchange rate,”…

Yara El-ganiny Yara El-ganiny

Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn

Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end…

Hossam Mounir Hossam Mounir

Egypt pound under fire as CBE shifts to remove limits on foreign currency transfers

Companies getting ready to transfer their profits could weigh on the weak…

Elsayed Solyman Elsayed Solyman

Central Bank of Egypt removes foreign currency transfer limits

The move could spur foreign investments to Egypt, says Tarek Amer

Elsayed Solyman Elsayed Solyman

Borrowing rate will not slow down as debt is set to increase

The finance ministry sold new bonds on international markets worth $3bn

Hisham Salah Hisham Salah