Egypt floats pound, raises interest rates by 6% to tackle inflation
The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…
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…
CBE attracts $1.09bn in bids for dollar-denominated treasury bills
The Central Bank of Egypt (CBE) announced that it received 23 bids…
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…
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…
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…
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…
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…
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…