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UEFA hoped that personalized Euro 2016 tickets would make scalpers’ lives difficult, but outside the stadiums totes are still having a field day. DW sports went put to discover what’s behind their dubious dealings.
US dollar is forecasted to break EGP 10 threshold
Like much else in Libya, the financial system has broken down. Corruption is endemic throughout the economy, while smuggling hard currency and diesel have become lucrative businesses. Nancy Porsia reports from Tripoli.
Agreement on exchange firms supporting CBE’s efforts to control exchange markets and banks obtaining Arab currencies in exchange for dollar
$2bn for Egyptian maize imports in 2014, says Ramez
Ministry of Health takes further measures fighting black market drugs, says minister
The step was taken to increase the supply of the US dollar in the Egyptian market, and fight the black or parallel market.
Diesel shortage is delaying implementation of construction projects, says Abdellah
Gap widening between official, unofficial dollar selling despite increasing CBE dollar auctions
Government faces pressure to combat black market before the March Economic Summit
Companies in free investment zones must export all products, no need to consider subsidised fertiliser shortages domestically
Rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates.
Reuters – The Egyptian pound weakened at a central bank dollar auction and on the black market on Wednesday after hitting a six-month low last week. The central bank sold dollars at a cut-off price of EGP 6.9652, leaving the pound weaker than at its last auction on Monday when the rate was EGP 6.9649. …
Blast was in house used to store black market diesel and gas
Reuters – The Egyptian pound was steady at a central bank foreign currency sale on Monday and remained unchanged on the black market. The central bank sold $38.6m to banks with a cut-off price of EGP 6.9508 to the dollar, fractionally stronger than the cut-off price of EGP 6.9509 from Monday’s auction. The bank had …
Former petroleum minister discusses issue in a meeting with the government
Reuters – The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. The central bank sold $38.6m to banks with a cut-off price of 6.9516 pounds to the dollar, compared with 6.9517 at its last auction on Thursday. The bank had offered to sell up …
Two market participants said the dollar was offered for 7.42 pounds in the black market on Thursday.
The central bank introduced dollar sales last December to help counter a run on the pound.
Egyptian pound’s black market value falls on instability following dispersal of pro-Morsi sit-ins in 14 August.
Black market now real determiner of gold prices, says gold expert at Cairo Chamber of Commerce
Resorts to paying some suppliers in Egyptian pounds
Financial group says current levels ‘unsustainable’
Exchanges attribute rise to increased demand from importers
Al-Hag Abdel Samea, black market currency vendor: ‘We are the biggest benefactors of Egypt’s foreign currency crisis’
New rate only weeks after hitting high at official exchange rates
Daily information briefs from all the governorate’s fuelling stations will be publically posted online
Adel Heine’s weekly column
Exchange market stabilises as demand for dollar retreats
Egypt’s fuel shortages are forcing many businesses to shut down, sparking tensions between consumers at gas stations as they park their cars for hours waiting for gas