Latest in Tag: floating Highlight
Latest in Tag: floating
30% hike in inflation rate in short term: Beltone Financial
The Central Bank of Egypt (CBE) announced on Thursday that it is floating the Egyptian pound completely, and banks will be free to quote whatever rates they decide on, for cash and transfer transactions. Despite the hardships, investment banks see a bright vision of Egypt’s economy in the near future. According to a statement released …
Social protection measures will be taken after raising fuel prices, floating the Egyptian pound: Prime Minister
The number of Takaful and Karama beneficiaries was boosted to 1.7 million households with EGP 2.5bn in additional support
Next fiscal year’s budget returned to government by parliament after partial floating of pound
Finance Ministry targets a deficit of 10.5% for the next fiscal year, compared to a target of 8.9% for this year; CBE’s decision will aggravate the deficit to 11.5%
CBE to consider floating pound when foreign reserves hit $30bn
Actual value of imports amounts to approximately $90bn, in addition to smuggled goods worth approximately $9.6bn, says Amer
