China’s c. bank widens yuan gap to prevent currency decline
China's central bank set the yuan fixing at a wider gap against Reuters' estimate, the largest in nearly five…
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currency exchange rates
Egypt poised to receive up to $50 billion in FDI
The Egyptian market is gearing up to receive the largest foreign exchange inflows, amounting to approximately $50…
Google Malaysia apologises for misquoting currency
Google Malaysia apologised for misquoting the ringgit's exchange rate against the dollar after the central bank had…
Egypt’s c. bank’s recent decisions eliminate FX parallel market
The Central Bank of Egypt’s (CBE) recent decision will boost confidence in the Egyptian economy and eliminate…
Foreign firm deposits $25m into Banque Misr after CBE’s decisions
A foreign company deposited $25 million in Egypt's Banque Misr on Wednesday, in a move that proves trust in the…
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
Nigeria’s naira falls to record low vs U.S. dollar
Nigeria's naira fell to as low as 1,421 against the dollar on the official market on Friday, according to FMDQ…
Egyptian pound’s fixed against U.S. dollar
The Egyptian pound has recorded 30.85 against U.S. dollar on Monday, maintaining its price range right below 31…
Egypt’s pound maintains position against dollar
Egypt’s pound currency has recorded 30.85 Egyptian pounds against the one U.S. dollar during trading on Sunday,…
Hisham Ezz Al-Arab: Flexible currency helps Egypt absorb external shocks
Flexible currency makes it easier for a country to absorb external shocks, said Egyptian veteran banker Hisham Ezz…
