central bank

Presidential aide: Egyptian pound will not collapse
Egypt

Presidential aide: Egyptian pound will not collapse

The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to President Mohamed Morsy said…
Central Bank governor’s car stolen, bodyguard killed
Egypt

Central Bank governor’s car stolen, bodyguard killed

After his car was stolen on the Ring Road Wednesday morning, Central Bank Governor Hisham Ramez, who was not in…
Authorities looking for revenue boost, says planning minister
Business

Authorities looking for revenue boost, says planning minister

Minister of Planning and International Cooperation Ashraf al-Araby confirmed Tuesday that Egypt’s foreign cash reserves are enough to cover three…
Finance minister: economic reform provides state budget with LE31.2 billion
Business

Finance minister: economic reform provides state budget with LE31.2 billion

Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…
CEO of National Bank of Egypt resigns
Egypt

CEO of National Bank of Egypt resigns

The CEO of the National Bank of Egypt, Tarek Amer, resigned on Monday, just days after the president appointed a…
New Central Bank governor: Pound slide is nothing to worry about
Egypt

New Central Bank governor: Pound slide is nothing to worry about

New Central Bank Hesham Ramez said that the current rise of the US dollar against the Egyptian pound is normal…
Central Bank: Pound fell at dollar auction
Business

Central Bank: Pound fell at dollar auction

The pound fell at a Central Bank of Egypt auction of dollars Wednesday, the seventh such sale since it introduced…
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Business

Central Bank auction temporarily stabilizes dollar-pound exchange rates

Dollar exchange rates in Egyptian banks have stabilized at the amount of LE6.42 for buying and LE6.39 for selling, with…
FJP slams central bank for dollar rise
Egypt

FJP slams central bank for dollar rise

The Freedom and Justice Party’s economic committee head Abdallah Shehata is blaming the Central Bank for the dollar's rise against…
PM: Egyptian pound to improve against dollar over next period
Egypt

PM: Egyptian pound to improve against dollar over next period

The Egyptian pound will improve its standing against the US dollar after being encouraged by political and economic stability over…
Back to top button