Foreign currency inflows into Egypt’s banking system hit $25 bln since float
Egypt’s central bank governor Tarek Amer said Sunday that foreign currency inflows into the banking system reached…
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Egyptian Pound
Banque Misr sold $5 billion to cover imports since pound float; chairman says
Egypt’s second largest state-owned lender, Banque Misr said Sunday it has provided around $5 billion to cover…
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
Vodafone FY2017 revenue hits €1.3 bln in Egypt
Vodafone, the world’s second biggest mobile operator, reported Tuesday an 18.6 percent decline in the 2017…
Crédit Agricole Egypt has attracted $1 bln since pound float: official
Crédit Agricole Bank-Egypt has collected more than $1 billion since Egypt decided to float its pound on Nov. 3,…
No plans to demonetize Egyptian pound or redesign currency: central bank
Egypt will neither launch a new currency exchange mechanism nor have a new design for the current currency, the…
Egypt’s Banque Misr cancels limits on use of credit cards abroad
Egypt’s second largest state-owned bank, Banque Misr has cancelled all the limits on Egyptians’ use of credit cards…
Remittances from Egyptians abroad rise to $8 billion in 5 months
Remittances from Egyptian expats have climbed 13.8 percent at the end of March since the country floated the pound…
Egypt keeps customs dollar exchange rate at 16.5 pounds in May
Egypt has kept the customs dollar exchange stead at 16.5 pounds per dollar, effective as of May 1st, the Ministry…
Egypt’s foreign trade record $28 billion since currency float: official
Egypt’s foreign trade since Nov 3rd, when the government floated the country's currency, until April 10th recorded…