foreign currency crisis

Finance Minister Amr al-Garhy said that the preliminary results of the economic reform program implementation in Egypt are very promising,…

The Central Bank of Egypt (CBE) said on Thursday it would not impose restrictions on the exchange of foreign currencies. "There…

The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…

Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…

Egyptian MPs are due to consider a new proposal for injecting dollars into the economy, by which Egyptian citizens living…

KLM Royal Dutch Airlines has not yet officially communicated its decision to temporarily suspend flights to Cairo starting next January,…

Egypt's central bank on Monday suspended for one year the licenses of 10 foreign exchange bureaus in Cairo after finding…

The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…

Egypt's largest listed bank, Commercial International Bank (CIB), told customers on Wednesday it was reducing the amount of foreign currency…

Cairo's main stock index rose 2.9 percent on Monday on expectations of a further currency devaluation this fiscal year, while…