Latest in Tag: dollar Highlight
Latest in Tag: dollar
Dollar exchange at CBE increases by over EGP 0.50 on Monday
Dollar exchange records EGP 27.5538 for buying and EGP 27.6256 for selling
US dollar exchange against EGP jumps 6.8%, government banks issue 25% saving certificates
Official price of US dollar at CBE rises to EGP 26.3633 for purchase and EGP 26.4853 for sale
CBE receives 23 offers worth $565.1m to cover dollar-denominated T-bill issuance
Proceeds of issuance to pay off previous bid that was put forward on 8 June 2021, with same value
CBE raises interest rate by 1% in exceptional meeting, Egyptian pound declines significantly
The CBE believes in the importance of exchange rate resilience to absorb shocks and maintain Egypt’s competitiveness: MPC
CBE receives 33 offers worth $1.298bn to cover US dollar-denominated T-bill issuance
The CBE launched this tender on Monday at a value of $1.05bn for a period of 364 days, and it is due on 7 February 2022.
Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
Local currency is likely to see further gains against US dollar in 2021
After 4 years, Egypt’s exchange rate liberalisation proves its economic boon
Egypt sees $400bn in foreign exchange flows since decision enforced in November 2016: Bank Official
Dollar adds 6 pt for its value against Egyptian pound, records EGP 15.65 at end of Monday’s trading
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.
Three-year anniversary of Egypt’s free floating exchange
FX reserves up by $25.618bn, exchange rate and inflation fall, and public debt rises
Egypt to offer dollar-denominated T-Bonds, selects five lenders
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.
EGP to increase by 3.5% reaching EGP16 per $1 by beginning of 2020: OBG
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.
Unifying foreign currency rate is a positive step: Tawfik
Car prices will not be affected by “liberalisation of customs exchange rate,” says Aboul Magd
Customs dollar liberalisation assures authorities’ trust in pound stabilisation: experts
Decision has a limited impact on market prices, says Abo Basha
Egypt scraps customs dollar; price to depend on CBE exchange rate
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.
USD loses over 122 piasters against Egyptian pound since start of 2019
Egypt received strong foreign exchange inflows during the recent period, which has pushed the US currency to depreciate against the pound
Drop in US dollar exchange rate cuts auto prices by 3%
Mostafa excludes impact of car sales on dollar
US dollar value continues decline against EGP in banks on Monday
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
Pound appreciated 84 piasters since beginning of 2019: CBE
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
Finance Ministry reduces customs dollar for non-essential goods to EGP 17.24
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 …
Egypt’s outstanding dollar, euro bonds increase to $23.2bn, €2bn respectively
Maturities of dollar bonds range between 5-30 years, euro bonds between 8-12 years
EGP liberalisation eliminated all FX shortage
Egypt’s payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for FY 2017/18
Finance ministry considers increasing customs’ dollar exchange rate, importers oppose
Inflation will rise by 1%, if customs’ dollar exchange increased, says Pharos Holding official
Customs dollar set at EGP 16 in August: finance minister
Capital Economics expects customs dollar to rise to EGP 19 by year end, EGP 20 by 2020, amid cautious market
Growth potential in emerging markets is unaffected by rising dollar
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 …
Stability in customs dollar value at EGP 16: finance minister
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 …
Beltone expects dollar exchange rate to reach EGP 17.55 in FY 2017/2018
Short-term external debt levels main obstacle to improving economic indicators
Decrease in dollar exchange rate would reduce planned increases in electricity prices: Shaker
When Siemens, solar energy plants enter service, tariff would improve
Dealers expect dollar value to range from EGP 17-19.5 in 2018
Growth rate to range from 4-5%, inflation to decrease to 13-15%
Custom dollar exchange rate fixed for January
Finance ministry said rate will be steady at 16 pounds
Importing companies to achieve stronger financials on CBE decision
Decision removes obstacles we were facing, says Cairo for Drugs chaiperson