Egypt’s central bank records its first profit since 2016 pound float
Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of the local pound…
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floatation of Egyptian pound
BREAKING: Egypt’s central bank liberalises pound currency
Egypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the banks…
Egyptian pound slips to weakest against U.S. dollar since Nov. 2016
Egyptian pound weakened on Wednesday to its lowest against the U.S. dollar since its devaluation in November 2016.
Dollar climbs to strongest since Dec. 2016 vs Egyptian pound
The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian…
IMF reaches staff-level agreement on second payment of Egypt loan
The International Monetary Fund has reached Friday a staff-level agreement on a second payment that would make…
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…
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…
Egypt’s central bank hikes key interest rates by 300 basis points, floats pound…
Egypt's central bank announced Thursday it had hiked interest rates by 300 basis points in a move to rebalance…