Requirements for effective economic recovery in Egypt
Paying the Ministry of Finance's overdrawn account, totaling EGP 2 trillion, is an urgent imperative to control…
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foreign exchange
Moody’s revises Egypt’s outlook to positive, affirms rating at CAA1
Moody's has revised Egypt's outlook to positive and affirmed its rating at CAA1, Reuters reported on Thursday.
Egypt confident in ability to satisfy FX demand – PM
The Egyptian state is confident in its ability to satisfy the demand for foreign currency from now on, Egypt’s…
Egypt’s c. bank’s recent decisions eliminate FX parallel market
The Central Bank of Egypt’s (CBE) recent decision will boost confidence in the Egyptian economy and eliminate…
URGENT: Egypt’s central bank provides funds necessary for maintaining FX liquidity
In an extraordinary meeting on Wednesday, the Central Bank of Egypt’s the Monetary Policy Committee (MPC) decided…
Yen bets hit six-year high
Since the open interest for near-dated yen futures contracts reached a six-year high, traders have piled into…
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
CBN pays additional $64mln FX backlog
The Central Bank of Nigeria (CBN) has paid an additional $64.44 million toward the verified foreign exchange…
Zimbabwe to implement new measures to save currency
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the…
Yen rises, Aussie slides as growth fears trigger foreign exchange ‘flash crash’
The yen soared versus its peers on Thursday, breaking through key technical support levels as heightened global…
