Egypt’s c.bank to end forex repatriation mechanism
Egypt’s central bank (CBE) said on Wednesday it has decided to terminate the foreign exchange repatriation…
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foreign exchange
Egypt’s CBE receives 2nd tranche of IMF loan
The second tranche of the International Monetary Fund’s (IMF) loan to Egypt, $1.25 billion, has entered the…
Egyptian pound decreases against dollar on black market
The Egyptian pound has been weakened in the informal market to a record low against the US dollar as a foreign…
Egypt central bank to hold exceptional $500 million FX auction Sunday
Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…
China forex regulator says stepping up graft risk controls
China's foreign exchange regulator is stepping up its risk controls against corruption, it said in a statement…
Yuan opens weaker after record drop in forex reserves
China's yuan fell at the open on Tuesday after official data the previous day showed that China's foreign exchange…
China FX reserves fall record $93.9 billion in Aug as central bank supports yuan
China's foreign exchange reserves, the world's largest, shrank by $93.9 billion in August, the biggest monthly fall…
Egypt pound steady at auction, stronger on parallel market
Egypt's central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign exchange…
Bank Parents or Main Units seen Pleading Guilty over FX: Sources
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries,…
Mehleb, CBE’s Governor Review Egypt’s Monetary Policies Today
The Current Egyptian Prime Minister, Ibrahim Mehlab will be meeting today the governor of the Central Bank of…
