Foreign Exchange Market

Bitcoin leads to fraud in its banks, value: Grand Mufti

Mon, 01 Jan 2018 - 06:36 GMT

Egypt's Grand Mufti Shawki Allam confirmed that it is not permissible to trade, purchase or sell “Bitcoin” currency as it may lead to fraud, or falsifying its value.

Egypt's foreign currency inflows hit $2 bln last week: CBE

Fri, 07 Jul 2017 - 12:03 GMT

The Central Bank of Egypt (CBE) does not intervene at all in the foreign exchange market, CBE deputy governor Gamal Negm said.