Tag: dollar

Egypt floats pound, raises interest rates by 6% to tackle inflation

The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…

Mohamed Samir Mohamed Samir

Dollar soars to EGP 49.5 on first day of exchange rate liberalisation

The Egyptian pound plunged against the US dollar on Wednesday, as the…

Hossam Mounir Hossam Mounir

CBE attracts $1.09bn in bids for dollar-denominated treasury bills

The Central Bank of Egypt (CBE) announced that it received 23 bids…

Hossam Mounir Hossam Mounir

High-return dollar savings certificates would not affect investment in stock market: Experts

Real estate sector would be more affected by new dollar savings certificates…

Fatma Salah Fatma Salah

CBE receives 21 offers worth $644.1m to cover dollar-denominated T-bill issuance

18 bids worth $554.1m were accepted, with interest ranging between 5.147% and…

Hossam Mounir Hossam Mounir

Opinion| 20 years after the US invaded Iraq: Did Washington lose trillions of dollars in the war?

Confirming these US allegations, US Secretary of State Colin Powell asked in…

Marwa El- Shinawy Marwa El- Shinawy

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

Hossam Mounir Hossam Mounir

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…

Hossam Mounir Hossam Mounir

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…

Hossam Mounir Hossam Mounir

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…

Hossam Mounir Hossam Mounir