Foreign Exchange

ACA arrests 23 gang members accused of trading in foreign exchange illegally

Tue, 26 Mar 2019 - 05:23 GMT

Egypt’s Administrative Control Authority succeeded in arresting an illegal formation specialized in foreign exchange trading

Foreign currency inflows to banks reach $75B

Wed, 04 Apr 2018 - 02:23 GMT

Foreign currencies inflows to banks operating in Egypt has risen to more than $75 billion since the flotation of the Egyptian Currency.

Dollar nurses losses as outlook remains wary

Mon, 14 Aug 2017 - 11:03 GMT

The dollar edged lower against a trade-weighted basket of currencies on Monday after posting its biggest weekly drop in three weeks as expectations of U.S.

China's yuan edges up, fixing at strongest in nearly 11 months

Mon, 14 Aug 2017 - 08:02 GMT

China's yuan firmed against the U.S. dollar on Monday after the central bank guided the currency higher for the fifth straight day.

Egypt’s inflation to fall next year, economy now better: IMF

Sat, 15 Jul 2017 - 10:22 GMT

IMF's mission chief for Egypt said that raising fuel prices will free up resources for health and education .

Dollar steady in Egypt’s major banks Thursday

Thu, 04 May 2017 - 02:17 GMT

The U.S. dollar exchange rate stabilized against the Egyptian pound in major banks on Thursday

Egyptian Banks to receive $19.2B since flotation: CBE

Wed, 19 Apr 2017 - 01:20 GMT

Total flows of foreign exchange reserves reached $19.2 billion since the flotation of the Egyptian pound in November 2016, according to a Central Bank of Egypt (CBE) statement Tuesday.