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FX reserves continue north, scoring $44.14bn end-May

The foreign exchange (FX) reserves balance at the Central Bank of Egypt (CBE) continued to rise during May 2018 to reach $44.14bn, up from $44.03bn at the end of April, rising by $110m. The level of foreign exchange reserves marks the highest ever in the history of the CBE. The level of reserves covers over …

Hossam Mounir

FX is not only indicator for assessing economy: Arqam Capital

Most of the foreign exchange (FX) flows to banks are being directed to alleviating longstanding pressure on the corporate and household sectors to spur economic activity and reduce inflationary pressures, while meeting the demands of foreign companies and investors for repatriation. According to Arqam Capital’s report “The Devil in the FX” published in February, the …

Mohamed Samir

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