What will Egypt’s flexible exchange rate look like? – Reuters
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
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black market
CBE strengthens pound against dollar
The Egyptian pound was strengthened against the US dollar at an exceptional auction held by the Central Bank of…
CBE offering $1.5 bln at auction to eliminate black market
The Central Bank of Egypt (CBE) will offer on Wednesday to sell $1.5 billion in an exceptional auction to banks so…
Egypt central bank partially devalues Egyptian pound to 8.85 per dollar
Egypt's central bank has partially depreciated the Egyptian pound to 8.85 per dollar from 7.73 in an exceptional…
Egypt black-market pound climbs despite central bank’s FX bid
Egyptian pound weakened to a record Sunday despite the central bank’s $500 million exceptional foreign exchange…
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened…
World Bank slashes Egypt’s predicted 2016 growth rate to 3.8%
Egypt's economic growth is forecasted to slow to 3.8 percent in financial year 2015/16 from 4.2 percent expected in…
The Economist: Egypt’s foreign reserves; Dwindling dollars
Facing a shortage of foreign exchange, Egypt allows its currency to fall. Despite the government’s best efforts,…
Egyptian Currency weakens to 7.73 at Official Auction – Central Bank
Egypt's pound weakened to 7.7301 pounds per dollar from 7.6301 at a central bank auction Sunday. The bank offered…
Somalia Criticises US Bank’s Move to Halt Remittances
Somalia has criticised a move by a US bank to close accounts of money transfer companies, warning it could create a…