Tag: foreign exchange

Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts

The decision boosts confidence in the Egyptian economy, contributes to attracting more…

Hossam Mounir Hossam Mounir

CBE reveals foreign exchange status after flotation 

$8bn in remittances from Egyptian expats from November 2016 until the end…

Hossam Mounir Hossam Mounir

Egypt’s foreign exchange reserves reach new high since March 2011, thanks to new dollar bonds

The foreign exchange reserves increased to $31.1bn at the end of May…

Hossam Mounir Hossam Mounir

Egypt’s foreign exchange reserves reach new high

The foreign exchange reserves increased to $31.1bn at the end of May…

Hossam Mounir Hossam Mounir

FX is not only indicator for assessing economy: Arqam Capital

Most of the foreign exchange (FX) flows to banks are being directed…

Mohamed Samir Mohamed Samir

Increase of foreign exchange reserves at CBE, backed by gold in February

The value of gold included in the reserves increased by $170m to…

Hossam Mounir Hossam Mounir

Egypt rebalancing continues, yet challenging year lies ahead: Fitch

“The rising levels of foreign exchange (FX) reserves, a return of private…

Mohamed Samir Mohamed Samir

Currency flotation is paying off as foreign flows drive foreign-exchange stabilisation: EFG Hermes

Squeezed by turbulence and uncertainty since 2011, Egypt’s economy encountered numerous challenges,…

Mohamed Samir Mohamed Samir

67.4% increase in total collected foreign exchange in 2015/2016: CAPMAS 

Total proceeds of foreign exchange amounted to EGP 1.5088tn 2015/2016, compared to…

Hossam Mounir Hossam Mounir