CBE has no intention of allowing cryptocurrency in Egypt: official
Bitcoin plans to launch in Egypt by late August, awaits needed legislation to be legally traded
Latest in Tag: US dollars Highlight
Latest in Tag: US dollars
Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation
Banks operating in the local market have begun to ease restrictions set earlier on Egyptians’ use of US dollars abroad through cash and electronic payment cards. Commercial state banks including the National Bank of Egypt (NBE), Banque Misr, and Banque du Cairo were the first to make this move, and were followed by other banks …
Chambers of Commerce to limit imports to production inputs, basic goods for 3 months to preserve US dollars
4.3 million traders expected to stop buying US dollars for 2 weeks in a bid to stop further appreciation
Lufthansa considers limiting sales of tickets to US dollars, credit cards from November
We are owed €15m by the government, which impacts our financial results, says Gueblaoui
Will accepting payments in yuan lure Chinese tourists to Cambodia?
In a bid to attract more Chinese tourists into the country, Cambodia is accepting payments in yuan. But many Cambodians oppose the measure, saying the government should promote the use of its own currency instead.
Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire
Banque du Caire, along with all state-owned banks, does not obtain its US dollars from tenders of the Central Bank of Egypt (CBE) held on Tuesdays, said CEO and chairperson of Banque du Caire Mounir, El Zahid. El Zahid told Daily News Egypt that the National Bank of Egypt, Banque Misr, and Banque du Caire …
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
CBE grants banks $118.7m, returns to quota in Tuesday’s auction
Banks were granted this amount at a price of EGP8.78 to the dollar. Banks will sell to clients at a price of EGP8.88 to the dollar
US ‘does not believe’ Egypt and Russia will end dollar usage
State Department spokesperson Jen Psaki says US supports nuclear power programme under Nuclear Nonproliferation Treaty
US dollar rise to stop at EGP 8 before Economic Summit: FEI head
Reducing the gap between the official price and black market price will bring more dollars to Egypt, El Sewedy says
Foreign reserves register $1.7bn year-on-year decrease in October
October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June
CBE offers up $1.5bn to banks in exceptional auction
Auction aims to support banks and their role in domestic economy, central bank says
Rising US Dollars is a temporary crisis: Bankers
The black market exchange rate exceeds the official rate by as much as 6%.
Vodafone Egypt hit hard due to lack of foreign currency
Resorts to paying some suppliers in Egyptian pounds
Black market currency vendor benefiting from crisis: vendor
Al-Hag Abdel Samea, black market currency vendor: ‘We are the biggest benefactors of Egypt’s foreign currency crisis’