Turkey to reconsider rate hike
Turkey is reconsidering an interest rate hike, just two months after ending its tightening cycle amid strong demand…
Browsing Tag
FX
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
Nigeria’s naira falls to record low vs U.S. dollar
Nigeria's naira fell to as low as 1,421 against the dollar on the official market on Friday, according to FMDQ…
CIB Bank limits use of bank cards abroad as Egypt FX shortage bites
Egypt's largest private bank, Commercial International Bank (CIB), informed customers on Wednesday it was reducing…
CBE keeps EGP stable against US dollar in FX auction
The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the US dollar at…
Egypt cuts economic growth forecast, ups deficit target
Egypt lowered its economic growth forecast to a range of 4 to 4.25 percent for the current fiscal year ending on…
Egypt central bank says it injected $14 bln in three months to ease dollar crunch
Egypt's central bank has injected over $14 billion dollars into local banks over the past three months to…
Egypt’s Central Bank to inject dollar liquidity over next month
Egypt's Central Bank will inject more dollar liquidity in the coming month, the presidency's office said in a…
Central Bank’s FX Policy Wins Presidential Backing
Egyptian President Abdel-Fattah El-Sisi urged his government to cut back on imports, backing the central bank’s…
Russia to boost FX flows to support ruble: Medvedev
Russia's Prime Minister Dmitry Medvedev said on Saturday that the government and central bank are preparing…
