Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
Browsing Tag
foreign exchange reserves
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…
