Egypt’s PM, CBE governor discuss economic reforms
Egypt’s Prime Minister Moustafa Madbouly met on Sunday with Central Bank Governor Hassan Abdalla to discuss…
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foreign exchange reserves
Egypt’s Sisi reviews economy, inflation efforts
Egypt’s President Abdel Fattah El Sisi met with Central Bank Governor Hassan Abdalla on Tuesday to review the…
Egypt’s net FX reserves rise in January to $52.6 bln – central bank
Egypt’s net foreign exchange reserves rose to $52.594 billion at the end of January, up from $51.452 billion in…
India’s forex reserves rise to $690.6b
India's foreign exchange reserves rose by $4.553 billion to reach $690.617 billion in the week ending May 9.
Tunisia’s c. bank holds key rate at 8%
The Central Bank of Tunisia maintained its key interest rate at 8 per cent, reflecting a cautious approach to…
IMF approves additional $750m for Bangladesh
The International Monetary Fund (IMF) has reached a staff-level agreement with Bangladesh for an additional $750…
Sri Lanka aims for $15.1b in FX reserves by ’28
Sri Lankan President Anura Kumara Dissanayake announced on Wednesday that the government's goal is to increase the…
Philippines’ foreign reserves hit $112b in Sep. ’24
The Philippine foreign exchange reserves reached a new all-time high of $112.0 billion at the end of September…
Bangladesh’s net FX reserves amount to $20b – official
Bangladesh Bank has around $20 billion, Xinhua reported on Tuesday citing the central bank’s spokesperson and…
China’s FX reserves climb by 1.06% in July
China's foreign exchange reserves rose by $34 billion in July to reach $3.2564 trillion, a 1.06 per cet increase…
Egypt’s FX reserves hit $46.38b, surpass safety levels
Egypt's foreign exchange reserves hit a record high of $46.38 billion by June 2024.
Indian rupee slips despite Asian gains
The Indian rupee weakened against the US dollar on Thursday, defying the trend of broad gains in other Asian…
Indian rupee faces pressure amid foreign outflows
The Indian rupee is under scrutiny as the central bank steps in to defend the currency following the unexpected…
India’s rupee surges to 6-m peak
India's rupee has surged to a six-month peak, becoming Asia's top-performing currency as foreign investors continue…
Kenya announces $2bln bond-buyback programme
Kenya announces that it would be selling new securities and making an offer to buy back its $2 billion in debt.
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
China’s foreign exchange reserves fall more than expected in November
China’s foreign exchange reserves dropped $9 billion in November to $3.096 trillion, according to a central bank …
Gold prices firm amid higher US rate hike environment
Gold prices held steady on early Monday, below 3-1/2-month highs hit last week, amid expectations of more U.S.…
Egyptian banks’ foreign reserves rose by $10 billion since currency float: Amer
Egyptian banks’ foreign exchange reserves have risen by $10 billion since Egypt took the dramatic step of floating…
Egypt Vulnerable to Adverse Global Economic Developments: IMF
Speaking to Daily News Egypt, International Monetary Fund (IMF) Mission Chief for Egypt, Chris Jarvis, outlines how…
CBE Offers $40 mln FX Auction for Local Banks Today
The Central Bank of Egypt (CBE) has offered today its foreign exchange auction for this week totaled US$ 40 million…
CBE Offers Its Last FX Auction Worth $40 mln for This Week
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction for this week totaled US$ 40…
CBE Offers its First FX Auction for This Week
The Central Bank of Egypt (CBE) offers today its first foreign exchange auction for this week worth US$ 40 million…
Uncertain Future Economic Problems in Egypt
Politically, Egypt has embarked on a new path. Economically, little is likely to change; the country's problems are…
Egypt’s Economic Woes Deepen as Mursi Marks One Year in Office
One year after President Mohammed Morsi came to office, foreign investors are still waiting for reassurances it is…
Central Banks Load Up On Equities As Low Rates Kill Yields
Central banks, guardians of the world’s $11 trillion in foreign-exchange reserves, are buying stocks in record…