Latest in Tag: Central Bank Egypt Highlight
Latest in Tag: Central Bank Egypt
CBE pays Afreximbank $2bn
Foreign exchange reserves continue to rise, reached $36.723bn at end November 2017
Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound
Allocations for petroleum product subsidies expected to exceed previous amount of EGP 35bn
US dollar registers EGP 14.3 for sale at private banks
The price of the euro against the national currency reached EGP 14.66 for buying and EGP 15.91 for selling
CBE floats Egyptian pound, raises interest by 3%
The CBE decided on Thursday to let banks in the market set their own exchange rate for the Egyptian pound against the US dollar
Informal US dollar rate expected to drop if banks refrain from accepting foreign exchange
Current procedures by government, CBE target to reduce demands for US dollar, and we should work on increasing supply, says analyst
CBE consideres obliging banks to not accept foreign currency from anonymous sources
The move aims to lay siege to the informal market and crack down on traders, says senior banker
Banks working to prevent customer manipulation on electronic payment cards abroad
New controls and shortening limits on card usage are being implemented to maintain the state’s foreign exchange