dollar
Central Bank: Last batch of Qatar’s deposit in 2015
Business
November 21, 2014
Central Bank: Last batch of Qatar’s deposit in 2015
Central Bank Governor Hisham Ramez said that, with the last payment of Qatar’s deposit, Egypt will have payed US$6 billion…
Sinai events raise US dollar rate on black market
Business
October 27, 2014
Sinai events raise US dollar rate on black market
The terrorist events in Sinai raised the dollar exchange rate on the black market for up two piasters to LE7.50…
UAE aid package behind dollar rate decline
Business
June 2, 2014
UAE aid package behind dollar rate decline
Hossam Naser, former vice president of the Industrial Development Bank, said the dollar exchange rate has declined due to the…
Egypt pound weakens at central bank’s dollar sale and on black market
Business
April 14, 2014
Egypt pound weakens at central bank’s dollar sale and on black market
The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a…
Currency black market shows limits of Egypt’s recovery
Business
February 4, 2014
Currency black market shows limits of Egypt’s recovery
Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange…
Government may raise dollar supply before 30 June
Business
June 17, 2013
Government may raise dollar supply before 30 June
The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…
Pound weakens to new record low
Business
February 13, 2013
Pound weakens to new record low
The Egyptian pound weakened to a record low against the US dollar in interbank trade and slid further still on…
Dollar selling price reaches LE6.42 in banks, exchange bureaus
Business
December 31, 2012
Dollar selling price reaches LE6.42 in banks, exchange bureaus
The dollar continued to rise against the Egyptian pound during trading on Monday in banks and exchange bureaus, despite the…
Central Bank of Egypt to let the pound drop gradually
Business
March 17, 2011
Central Bank of Egypt to let the pound drop gradually
The Central Bank of Egypt (CBE) announced on Wednesday it would allow the value of the Egyptian pound (EGP) to…