Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
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Egypt’s foreign reserves
Banque Du Caire Withdrew US$60 Mln From Switzerland To Meet Dollar Demand
Mohamed Taha, deputy chairman of Banque Du Caire, affirmed that the bank has strong dollar liquidity and can…
IMF Says Welcomes Egypt’s Effort To Safeguard Reserves
The International Monetary Fund said on Monday it welcomed steps that Egypt has taken to stop a drain on its…
CBE Offers US$75 Mln At 2nd Currency Auction
The Central Bank of Egypt (CBE) said it was offering to sell $75 million to banks on Monday at its second foreign…
Egypt Offers Banks US$75 Mln At Maiden Foreign Currency Auction
The Central Bank of Egypt (CBE) said it was offering $75 million at its first foreign currency auction on Sunday,…
CBE To Start Foreign Exchange Auctions As Reserves Plunge
The Central Bank of Egypt (CBE) will start foreign-exchange auctions today in order to preserve foreign reserves…
Morsi Urges Egypt Opposition To Cooperate On Reviving Economy
Egyptian President Mohamed Morsi called on the opposition to work alongside the government to stabilize the…
CBE Financed Egypt’s Main Needs With US$ 35 Bln In Two Years
The Central Bank of Egypt (CBE) revealed that it financed the country’s main needs during the period from January…
CBE Likely To Intervene As Dollar Sets New Record Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in 9 years. The Egyptian…
Hunger Revolution Looms As Foreign Reserves Drop Sharply: Experts
Egypt’s foreign cash reserves dropped US$ 448 million to reach US$ 15.035 billion at the end of last November. A…