Tag: Foreign currency

CBE resolves issue of temporary facilities obtained in foreign currency: Negm

Companies that owe more than $5m to banks will pay a 3.62%…

Hossam Mounir Hossam Mounir

CBE forces banks to notify it before providing foreign currency to government institutions

Banks are obliged to notify the CBE before providing foreign exchange for…

Hossam Mounir Hossam Mounir

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

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

Egypt launches initiative encouraging citizens abroad to increase remittances 

Egypt's ambassador to Riyadh announced the initiative during a celebration to commemorate…

Daily News Egypt Daily News Egypt

Economic professors, experts criticise government’s reform programme

IMF loan will not encourage Egyptian economy, says former finance minister

Hisham Salah Hisham Salah

Sugar, foreign currency shortages to push prices up in coming weeks

For more than a month, Egypt has been facing a crisis in…

Hisham Salah Hisham Salah

More liberalised exchange rate regime is one of the tools to solve foreign currency shortage: Amr El-Ganainy

Proper legislation has to be issued to incorporate the informal economy into…

Hossam Mounir Hossam Mounir

What are the challenges facing the Egyptian economy in the eyes of dealers?

Chief financial officers and heads of treasury sectors at banks (dealers) are…

Hossam Mounir Hossam Mounir

Crédit Agricole resumes use of prepaid, credit cards for online purchases

The bank noted that if a client uses different cards, the spending…

Daily News Egypt Daily News Egypt