foreign currency
Egypt’s net foreign reserves increased by approximately $153 million in September.
Egypt's foreign debt is expected constitute around 36 per cent of GDP by the end of 2021, she noted.
The official cited a remarkable and steady increase in foreign investments thanks to boosted investor confidence in the country's economy.
In December, the country's foreign reserves registered $45.419 billion, the CBE added.
The dollar is available at all the bank’s branches all over the country.
Foreign currencies’ balance in Egypt’s international reserves increased to $40.5 billion in April, increasing by LE 23 billion in one month.
Individuals and corporate deposits in Egypt’s banks amount to LE 5 trillion, Governor of the Central Bank of Egypt Tarek Amer said on Sunday.
National Bank of Egypt is putting together a group of lenders for a club loan in the region of $600 million, banking sources said.
Foreign currencies’ balance in Egypt’s international reserves increased to $39 billion in March 2018, up from $25 billion in March 2017.
A wrap-up of the most prominent business news of the day.
Tourist nights increased 96.5 percent year-on-year in January 2018, reaching 8.5 million, compared to 4.3 million in January 2017, a report showed.
Egypt’s foreign reserves rose by some $18 billion in 14 months, or since the country floated its currency in 2016, to record $37 billion in December 2017.
The National Bank of Egypt (NBE) signed a contract Thursday to manage the cash receipts in foreign currency from the giant offshore Zohr gas field.
State transfers registered $66.5 million of this value in Q4.
The dollar edged higher on Wednesday as investors awaited the outcome of the Federal Reserve’s policy meeting for clues about future tightening.
One year after the flotation, Egypt has had $80 billion of foreign currency inflows in 11 months. “This happened because we depended on ourselves,” CBE governor Tarek Amer said.
The new Industrial Permits Act has reduced the time needed to acquire a permit from 360 days to only one week.
Sudan has for the first time in 20 years begun receiving foreign currency inflows,after the U.S. government lifted decades-old trade sanctions on the country.
Foreign reserves stood at $36.5 billion at the end of September.
The National Bank of Egypt accumulated LE 330 billion from the “Platinum” certificates with interest rates of 16 and 20 percent in 11 months
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