Foreign Exchange
Remittances from expats rise 1.6% to $31.9 bln in 2022: CBE
Business
August 23, 2022
Remittances from expats rise 1.6% to $31.9 bln in 2022: CBE
Remittances from Egyptian expatriates increased during the fiscal year 2021/2022 at a rate of 1.6 percent, recording about US$31.9 billion,…
Turkey has burst its forex bubble with latest measures, Erdogan says
Middle East
December 25, 2021
Turkey has burst its forex bubble with latest measures, Erdogan says
ISTANBUL, Dec 24 (Reuters) – Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the…
US dollar to Egyptian pound exchange rates for Tuesday
Egypt
April 13, 2021
US dollar to Egyptian pound exchange rates for Tuesday
The US dollar to Egyptian pound exchange rate on Tuesday recorded a low of LE15.62 for purchase and LE15.72 for…
Egypt to begin converting vehicles to dual fuel starting September
Business
August 1, 2019
Egypt to begin converting vehicles to dual fuel starting September
The Egyptian government will begin implementing a national project for the conversion of cars to dual fuel (natural gas and…
Egypt government plans to double exports to US$55 billion
Business
March 9, 2019
Egypt government plans to double exports to US$55 billion
Egyptian Prime Minister Mostafa Madbouly announced on Friday that the government is determined to press ahead with implementing a new…
Dollar set for biggest weekly drop in four weeks
Business
November 10, 2017
Dollar set for biggest weekly drop in four weeks
The dollar edged higher on Friday as an overnight spike in US Treasury bond yields prompted some investors to buy…
US dollar exchange rate declines Tuesday
Economy
August 15, 2017
US dollar exchange rate declines Tuesday
The exchange rate between the US dollar and the Egyptian pound declined slightly during the banking trade on Tuesday. Banking…
CBE cancels restrictions on foreign exchange transfers
Economy
June 15, 2017
CBE cancels restrictions on foreign exchange transfers
The Central Bank of Egypt (CBE) canceled on Wednesday restrictions on foreign exchange transfers, which it had imposed on February…
Dollar holds above 6.5-month low, as Moody’s downgrades China
Economy
May 24, 2017
Dollar holds above 6.5-month low, as Moody’s downgrades China
The dollar on Wednesday held above 6.5-month lows hit in previous days, as comments from a senior Federal Reserve official…
Asian flash surge takes euro to $1.07
Business
December 30, 2016
Asian flash surge takes euro to $1.07
A short-lived spike in the euro dominated this year's last day of trade in major foreign exchange markets on Friday,…