Latest in Tag: dollar Highlight
Latest in Tag: dollar
Foreign investors: Between liquefying stock portfolios and awaiting ‘Amer’s manoeuvre’
Initial results indicate that foreigners are intensifying sales to make a profit margin from transferring their money abroad in dollars
Dollar fixed for second time after CBE’s 20 piaster devaluation
Anticipating the central bank’s next move is difficult, says banker
Dollar devaluation against EGP to contribute in paying-off importers bills: FEI head
CBE provided $1bn from a total of $4bn to meet the requests for foreign currency in import contracts
CBE intervenes to strengthen pound against dollar
Dollar fell in black market for hours until it suddenly stopped
CBE raises EGP value against dollar by 20 piasters
The central bank will also cover 25% of the temporary credit facilities granted by banks to their clients importing in foreign currencies
Dollar crisis affects Facebook ads
Multiple increases in prices, while banks impose 3% payment fees on credit cards, says Link-Egypt General Manager
Foreign exchange reserves increase $80m in October: CBE
Foreign exchange reserves at the Central Bank of Egypt (CBE) increased by $80m during October, to reach $16.415bn from $16.335bn in September, according to a CBE statement on Wednesday.
Dollar officially stable at EGP 8.03, experts expect it to stay fixed until end of 2015
Parallel market confusion amid the decline of the dollar in anticipation of new CBE governor’s decisions
Trade balance deficit increases by 38.8% YoY in July: CAPMAS
Egypt’s trade balance continues to face a deficit, despite the state announcements on attempts to counter this recurring problem
CBE fixes dollar price against pound in first tender after Ramez’s resignation
The CBE offered a third tender to sell dollars to banks operating in the Egyptian market this week, in which the CBE sold $37.8m to banks
Market awaits dollar auctions to figure out trend of dollar against pound
Fixing dollar price in two upcoming auctions will be strong indication for its stability until end of year, say analysts
Dollar price remains EGP 7.93 after 2 consecutive depreciations
The pound is expected to officially jump to EGP 8.30 before May 2016, says Dcode
Dollar price will not affect imports as Egypt’s dollar resources likely to increase: Finance minister
Launching bonds in international markets under review not cancelled, says Dimian
Dollar stabilises after increasing by 20 piasters in 2 days
Market awaits CBE’s next step; analysts believe July’s stability will be repeated
Dollar loan partly allocated to repay foreign petroleum partners
We regularly repay the monthly bill of the partners’ share of oil and gas, says petroleum minister
Dollar price to break EGP 8 barrier in banks for first time
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank’s next steps
Depreciating EGP postpones foreign investments
Foreign investors are sure that the Egyptian pound will be devalued further
Dollar rise amplifies prices of basic items
CBE decisions are against the interest of citizens, says head of Citizens Against Price Rises Association
Pound’s value drops by 10 piasters against US dollar
The dollar value had been stable for around 100 days
Foreign companies face difficulties in transferring profits overseas
Crisis has led to postponement of new investments into market amidst fears money cannot be transferred to mother companies
Egyptian stock market recovers on Tuesday
Recovery parallels US and European stocks’ upturn
CBE stabilises US dollar against Egyptian pound for 4th consecutive time
Dollar price stabilises between EGP 7.78 and EGP 7.83 at banks, and EGP 7.88 at exchanges
EGP’s devaluation will not positively affect travel flow to Egypt: Tourism experts
Dollar increase against EGP leads to increase in food prices
Dollar to officially jump to EGP 8.01: Dcode EFC
Widening gap between Egyptian, foreign inflation rates, decrease of Euro exchange rate against Egyptian pound, will push CBE to depreciate local currency
Dollar price against Egyptian pound stabilises, market anticipates CBE’s next step
CBE moved to raise the dollar to limit imports, says CBE Governor Hisham Ramez
Ambiguity surrounds CBE’s decision to raise dollar price by 10 piasters
Analysts await CBE’s next step, expecting an increase in commodity prices
Dollar exchange rate expected to exceed EGP 7.8 this week
CBE sold $40m of periodic dollar bid, with average dollar exchange rate of EGP 7.63, after four month stability
NBE delegation continues negotiations with 5 banks to promote dollar bonds
The banks are Citi Group, Deutsche Bank, HSBC, the National Bank of Abu Dhabi, and Standard Chartered.
NBE to issue dollar bonds in August: Soliman
Bank will negotiate with five international banks on Wednesday to promote bonds internationally
Dollar crisis, long procedures affect technology imports: Importer
CBE only covers requests for strategic goods despite lack of alternative local technological products, says importer