Latest in Tag: liberalisation Highlight
Latest in Tag: liberalisation

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

Liberalisation of custom dollar rate de rigueur: Mohamed Moeit
If new direction negatively affects non-essential imported product, we will transfer affected product to list of essential products, set its custom dollar rate at EGP 16, we will deal with matter with absolute flexibility

CBE terminates repatriation mechanism
Egypt’s payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for FY 2017/18