Latest in Tag: black market Highlight
Latest in Tag: black market
Euro 2016: Black market for tickets is booming
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.
Unflagging EGP decline threatens Egypt’s economic growth
US dollar is forecasted to break EGP 10 threshold
Black market in dollars and diesel thrives at Libya’s cost
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.
Dollar loses 10-12 piasters in black market
Agreement on exchange firms supporting CBE’s efforts to control exchange markets and banks obtaining Arab currencies in exchange for dollar
$35bn in Egyptian black market: CBE Governor
$2bn for Egyptian maize imports in 2014, says Ramez
48% of inspected pharmacies shut down in 2015
Ministry of Health takes further measures fighting black market drugs, says minister
CBE decreases issuance of weekly FX auctions
The step was taken to increase the supply of the US dollar in the Egyptian market, and fight the black or parallel market.
EFCBC submits memorandum to Cabinet on diesel shortage: EFCBC member
Diesel shortage is delaying implementation of construction projects, says Abdellah
Dollar records EGP 8 on unofficial market, EGP 7.53 officially
Gap widening between official, unofficial dollar selling despite increasing CBE dollar auctions
Dollar value rises to EGP 7.19, further 5% devaluation expected
Government faces pressure to combat black market before the March Economic Summit
Subsidised fertiliser crisis result of production issues and poor distribution
Companies in free investment zones must export all products, no need to consider subsidised fertiliser shortages domestically
Forex policies successful, could eliminate black market: Egypt Central Bank governor
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.
Egyptian pound weakens at C.Bank dollar sale, on black market
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. …
Explosion in Sohag kills 10, injures 37
Blast was in house used to store black market diesel and gas
Egyptian Pound flat in official and black market trade
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 …
Black market revenues of petroleum products total EGP 30bn
Former petroleum minister discusses issue in a meeting with the government
Egyptian Pound strengthens fractionally, unchanged on black market
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 …
Egyptian pound down at Forex sale for second time in two days
Two market participants said the dollar was offered for 7.42 pounds in the black market on Thursday.
Central Bank chief: Currency black market won’t last long
The central bank introduced dollar sales last December to help counter a run on the pound.
Violence weighs on value of pound on black market
Egyptian pound’s black market value falls on instability following dispersal of pro-Morsi sit-ins in 14 August.
Dollar speculation creates local black market for gold
Black market now real determiner of gold prices, says gold expert at Cairo Chamber of Commerce
Vodafone Egypt hit hard due to lack of foreign currency
Resorts to paying some suppliers in Egyptian pounds
EFG Hermes: Sudden decreases in inflation throughout March an exception, not the rule
Financial group says current levels ‘unsustainable’
Dollar price jumps 22 piasters on black market
Exchanges attribute rise to increased demand from importers
Black market currency vendor benefiting from crisis: vendor
Al-Hag Abdel Samea, black market currency vendor: ‘We are the biggest benefactors of Egypt’s foreign currency crisis’
US dollar soars to 8.25 Egyptian pounds on black market
New rate only weeks after hitting high at official exchange rates
Giza beefs up efforts to prevent diesel smuggling
Daily information briefs from all the governorate’s fuelling stations will be publically posted online
The not-so-black market
Adel Heine’s weekly column
Central Bank to fight foreign currency black market
Exchange market stabilises as demand for dollar retreats
Fuel shortages continue to inflame tensions in provinces
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