Latest in Tag: informal market Highlight
Latest in Tag: informal market
The informal market returns to scene of US dollar crisis
USD price at banks stood at EGP 17.55 to buy, and EGP 17.70 to sell
Return to normal demand on US dollar in informal market
CBE allocates the value of Tuesday’s tender to cover imports of medicines, vaccines, and baby formula
US dollar loses EGP 0.10 on informal market reaching EGP 12.40
Informal market started lowering the selling prices of the US dollar after news of the IMF’s $12bn loan to Egypt
US dollar loses over 50 piastres on informal market following announcement of $12bn loan from IMF
The US dollar is likely to see more depreciation in the coming period, says El-Etreby
CBE fixes dollar price in Tuesday auction, dollar remains stable in informal market
Through its weekly auction, the CBE sells dollars to banks working in the local market. On Tuesday, banks were auctioned$118.7m, and sold to their clients at a rate ofEGP 8.88 to the dollar
Steep decline expected in dollar exchange rate on informal market Tuesday
Importers stopped buying dollars and the dollar’s valye will decline by EGP 1 in three days, El Abyad forecasts
Amer denies plans to devalue Egyptian pound after its price falls in informal market
While the dollar is scarce, trader’s speculation has also driven inflation, says banker
US dollar records EGP 11 in informal market Tuesday: traders
The CBE provides the US dollar to banks in the local market at a rate of EGP 8.78, while it is sold to individuals at commercial banks at EGP 8.88