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On Monday, the official price of the dollar at the Central Bank of Egypt (CBE) reached EGP 15.6543 for buying and EGP 15.7761 for selling, compared to EGP 15.5865 for buying and EGP 15.713 for selling on Sunday.
FX reserves up by $25.618bn, exchange rate and inflation fall, and public debt rises
The ministry said that the offering comes to exploit most of the improvement in current economic conditions in emerging markets, and lower yield on Egyptian T-bonds in the secondary market.
The OBG explained that it expects an increase in the EGP value by 3.5%, to reach EGP 16 per $1 by the beginning of 2020.
Car prices will not be affected by “liberalisation of customs exchange rate,” says Aboul Magd
Decision has a limited impact on market prices, says Abo Basha
Government sources told Daily News Egypt that the decision was taken by the Minister of Finance, Mohamed Moeit, to unify procedures for all customs’ items.
Egypt received strong foreign exchange inflows during the recent period, which has pushed the US currency to depreciate against the pound
Mostafa excludes impact of car sales on dollar
The US dollar lost two piasters in the Egyptian National Bank and the Suez Canal Bank, recording EGP 16.71 for buying and EGP 16.81 for sale
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
The Ministry of Finance reduced the customs dollar exchange rates for non-essentials goods to EGP 17.24 in May, down from EGP 17.385 April, while keeping its price unchanged at EGP 16 for strategic commodities, the ministry announced on Wednesday. In December 2018, Egypt announced ending the discounted customs exchange rate for some imported goods, which …
Maturities of dollar bonds range between 5-30 years, euro bonds between 8-12 years
Egypt’s payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for FY 2017/18
Inflation will rise by 1%, if customs’ dollar exchange increased, says Pharos Holding official
Capital Economics expects customs dollar to rise to EGP 19 by year end, EGP 20 by 2020, amid cautious market
The decline in emerging-market currencies since March is the result of the dollar rally. However, emerging markets are still benefiting from synchronised growth in the global economy. That momentum provides a good opportunity to move back into this asset class. The year 2018 started well for emerging markets, until they peaked on 20 March. Since …
Minister of Finance Mohamed Moeit announced that the price of the customs dollar will continue to be fixed at the current rate of EGP 16 starting from 1 July 2018 and lasting for a month. The customs dollar is used to calculate the value of the fees paid by the importer in local currency for …
Short-term external debt levels main obstacle to improving economic indicators
When Siemens, solar energy plants enter service, tariff would improve
Growth rate to range from 4-5%, inflation to decrease to 13-15%
Finance ministry said rate will be steady at 16 pounds
Decision removes obstacles we were facing, says Cairo for Drugs chaiperson
31.8% growth in tax revenues by end of June 2017: Finance Minister
Dollar liquidity is directed to foreign trade financing and foreign companies’ reparation of funds
Fuel prices need to increase by an additional 140% by 2018/19
Most banking indicators experience a rise and fall every month because of revaluation of assets in foreign exchange
Four months of stabilisation in the value of customs dollar at EGP 16.5 due to the stability of the dollar price in banks
This spending rate is still weak compared to the other tourist destinations competing for Egypt, including Dubai, for example, as the average spending rate of tourists per day is $180, which is a big difference between the two countries: according to an official
The CBE governor told the president that the bank didn’t intervene to support the local currency