dollar

Report: Foreign Ministry violates currency rates when paying diplomats
Egypt

Report: Foreign Ministry violates currency rates when paying diplomats

A judicial report has unveiled flagrant violations of currency exchange rates in the Ministry of Foreign Affairs’ payment system for…
Importers complain of funding crisis due to limits imposed on US dollar by CBE
Business

Importers complain of funding crisis due to limits imposed on US dollar by CBE

Importers are facing, among other difficulties, a lack of foreign currency and trouble opening letters of credit, said Chief of…
Egyptian pound steady on official, stronger on black market
Business

Egyptian pound steady on official, stronger on black market

 Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday,…
Dollar at 12-year peak on euro, emerging markets spooked
Business

Dollar at 12-year peak on euro, emerging markets spooked

The US dollar scored multi-year highs against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for…
No trace of Russian ruble on Egyptian market
Business

No trace of Russian ruble on Egyptian market

Despite Egypt and Russia's announcement that the two countries would depend on the Russian ruble in transactions between both countries, the…
Egyptian pound weakens to new low of LE7.53 per dollar
Egypt

Egyptian pound weakens to new low of LE7.53 per dollar

Egypt's pound weakened to LE 7.53 per dollar, from LE 7.51 at the last sale, at a central bank auction…
Dollar mortgage holders urge Russia to end ‘financial slavery’
World

Dollar mortgage holders urge Russia to end ‘financial slavery’

When Olga Savelyeva took out a $226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008,…
Central Bank: Last batch of Qatar’s deposit in 2015
Business

Central Bank: Last batch of Qatar’s deposit in 2015

Central Bank Governor Hisham Ramez said that, with the last payment of Qatar’s deposit, Egypt will have payed US$6 billion…
Sinai events raise US dollar rate on black market
Business

Sinai events raise US dollar rate on black market

The terrorist events in Sinai raised the dollar exchange rate on the black market for up two piasters to LE7.50…
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