Latest in Tag: exchange rate Highlight
Latest in Tag: exchange rate
NBE receives $108bn inflows since exchange rate liberalisation: Vice Chairperson
Aboul Fotouh told Daily News Egypt that the NBE has opened documentary credits to cover imports, and financed foreign trade operations with a total value of about $106bn since November 2016.
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
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
Intertwined factors will set fate of interest rates, exchange rate, FX reserves, inflation in 2019: Analysts, bankers
Inflation will be at 10%-14%, some analysis points to 17.8%
Gasoline 95 price tied to Brent price, exchange rate, transport costs: Petroleum Ministry spokesperson
No intention to increase prices of other fuels until end of current fiscal year
Controversy over Egypt’s decision to end discounted customs exchange rate for some non-essential imports
Country a monthly fixed customs rate in January 2017, following flotation pound in November 2016
Ideally, CBE should not intervene to influence exchange rate: HC Brokerage chief economist
HC Brokerage agrees with the Central Bank of Egypt (CBE)’s governor, Tarek Amer, that exchange rate volatility is normal, and that it should be widely accepted by all, including consumers and the investment community, chief economist at HC Brokerage, Sara Saada, told Daily News Egypt on Monday. However, it is not very clear from the …
Customs exchange rate to remain at EGP16 in December: Ministry of Finance
The customs exchange rate for US dollars is set to remain at EGP 16 in December, said the Ministry of Finance in a press statement on Wednesday. The ministry said earlier today that the decision to stabilise the customs dollar rate is consistent with the continued strategy and stability of the currency exchange rate in …
EGP 74,000 was Bitcoin exchange rate in August 2017, compared to $4,400
The exchange rate of Bitcoin is EGP 74,000 compared to $4,400 in August 2017, according to the website BitPay. The Bitcoin ecosystem in Egypt is currently small, with only a handful of traders listed on the website LocalBitcoins. However, Bitcoin Egypt, a startup for the cryptocurrency is launching in Egypt. Its founder Rami Khalil said, …
Flotation had other benefits
Liberalisation of the exchange rate increased the competitiveness of outsourcing companies in Egypt
Exchange rate liberalisation reduces Etisalat’s revenues by 50% during H1 2017
EGP 1.1bn revenues for the current year, compared to EGP 2.2bn in 2016
Exchange rate to remain stable at EGP18/USD this year and next: FocusEconomics
Inflation to remain elevated for some time to come, says FocusEconomics
Egyptian Union for Investors Associations, CBE to discuss problems of companies that refused exchange rate difference initiative
The Union received requests from companies to speed up the settlement of their debts with banks, says Shaaban
Exchange rate expectation likely EGP 16 to USD for FY 2017/2018 budget
Oil price expectation for budget to be between $55 and $75 per barrel
US Dollar loses 10 piastres during Thursday transactions
The US dollar exchange price index slipped against the Egyptian pound in 11 banks during Thursday tradings/transactions, at rates ranging from 5 to 15 piastres, after a significant increase pushed the exchange rate to the level of EGP 18.26 at the end of Wednesday. The dollar declined by 15 piastres in the Arab Investment Bank, …
Dollar breaks EGP 17, driven by shortage at banksÂ
The US dollar exchange rate to the pound exceeded EGP 17.5 on Tuesday, marking its highest level over the past two weeks. The depreciation comes as demand builds up to cover importation, leaving banks with a shortage. The greenback began a wave of strengthening again since last week, continuing its movement upwards to reach EGP …
EGPC sets exchange rate for repayment of foreign partners at EGP 17 per US dollar
Large part of the bill paid in Egyptian pounds, says source
Banks, pharmaceutical shares expected to attract investors in 2017
The flotation of the Egyptian pound will play an influential role in determining the attractiveness of shares for investors during 2017, especially after the price of the US dollar increased to more than EGP 19, which will affect companies’ activities and their ability to make a profit. Financial and technical analysts expect that the most …
Companies face fluctuations of pound with ‘various scenarios’ strategy in 2017
Two scenarios to deal with the increase and decrease of the US dollar and the effect on cost and pricing
I expect pound’s price against the dollar to improve in H2 2017: El-Menilawy
The price of the dollar is expected to range between EGP 15 -18 if foreign exchange reserves improve
Egyptian pound rate to improve in H2 of 2017: Mehrem
The fair price of the US dollar is EGP 7-9, and it might decline to EGP 4-6 by 2018, if the supporting factors for the local currency continue
Pound’s rate against dollar to go through 3 stages in 2017, to reach EGP 14-15.5 by end of Q4: Abdel Aal
Over 12 elements support the local currency against the US currency this year
Exchange rate to balance in Q4 of 2017: Youssef
US dollar in 2017 will range from EGP 16-18, likely to close year at EGP 16.5-17
Do not worry about volatility of exchange rate: bank leaders
Egypt is undergoing a new experience, and stability of the market relies on increasing foreign exchange resources
Dollar records its highest level against Egyptian pound this week
The official rate for the dollar at the CBE on Thursday registered EGP 15.5422 to buy and EGP 16.1351 to sell
Contracting companies raise civil works fees for renewable energy investors by 100%
Investors re-examine the feasibility of feed-in tariff projects after floating the pound
Bank are free to price the US dollar: CBE
This comes after the CBE fully floated the exchange rate on Thursday morning
Egypt’s exchange rate crisis must be addressed: IMF managing director
Social protection is a cornerstone of the IMF programme, any cuts in food subsidies are not advised
High US dollar exchange rate, import restrictions lift computer prices in 2016
PC prices increased by 60% while demand fell by 50%