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It is hoped that the improved system will be reflected in commodity prices that will benefit the consumer and the producer, especially while reducing circulation.
This high level of trade exchange means Egypt is one of Indonesia’s main commercial partners, Fawzy said. He added that Egypt acts as a pivotal gateway for Indonesian products moving into Africa.
Inflation will rise by 1%, if customs’ dollar exchange increased, says Pharos Holding official
Short-term external debt levels main obstacle to improving economic indicators
Liquidity, fair disclosure, market enhancement tools for conducive environment
Egyptian crops boosted German market growth 10.7% in the past two years
The US dollar climbed to EGP 18 on Monday at banks operating in Egypt. The average rate for the dollar at most banks on Monday registered EGP 17.55 to buy and EGP 17.95 to sell. HSBC Bank was offering to sell US dollars at EGP 18. The dollar has been gaining ground against the Egyptian …
Exchange bureaux companies operating in the Egyptian market began on Thursday morning to buy US dollars at EGP 13 and sell at EGP 14.35
Following Beltone’s research report, Arqaam releases its perspective on the specifics of a likely partial floatation of the Egyptian pound
US dollar is forecasted to break EGP 10 threshold
Targets of stock market might be hindered due to low global economic growth, EGX’s chairman indicated
The action was said to follow Tarabin’s release on 10 December
Pharos expects the dollar exchange rate to drop to EGP 8.5 during H1 of 2016
The Egyptian currency’s devaluation is a step in the right direction, but the Egyptian industry needs more incentives
Egypt needs reforms to reassure Russian investors, success of Cairo-Moscow negotiations requires seriousness to establish new era of relations, experts say
Protests erupted in the city following death sentences for Muslim Brotherhood leaders
MOPCO is third biggest nitrogen producer globally
Report come as Defence Minister Sobki meets his counterpart in Russia to discuss military cooperation in “fighting terrorism”
El-Wakil attributes improvement to recent CBE actions
Reuters – The Egyptian pound was up slightly at a central bank foreign currency sale on Thursday and traded within its recent range on the black market. The central bank sold $39.6m to banks with a cut-off price of 6.9511 pounds to the dollar, fractionally stronger than the cut-off price of 6.9512 from Wednesday’s auction. …
Russian officials had previously neither confirmed nor denied the discussions,but they stressed that such deliveries would not break existing UN sanctions on the Islamic state.
This week will have only four sessions due to the New Year holiday next Wednesday.
Reuters – The Egyptian pound was steady at official rates on Thursday, the central bank said, and slightly stronger in the black market, two sources said – a day after the bank’s governor said that parallel market for dollars would “not last long”. The central bank sold $38.4 million at its regular foreign exchange auction …
The central bank said it sold $38.8 million to banks at its auction, at a cut-off price of 6.8774 pounds to the dollar
The consulting firm says Egypt’s consumption price index increased by 4% due to increases in food prices and the devaluing of the Egyptian pound
Despite the optimism, the current political insecurity and the unsettled International Monetary Fund loan are seen as contributors to the weakening of the pound against the dollar.
Move by Central Bank aims to reassure foreign investors
Head of exchange companies section at the ECC accuses the CBE of being the real reason behind the dollar shortage in the market
Purchases of dollars typically limited and sales generally require approval of the bank’s administration
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar recorded a rate of 6.08, the Euro recorded a rate of 7.55 and the GB pound recorded a rate of 9.85 to the Egyptian pound. …