Foreign Exchange
China’s yuan trade system to open branches in London, New York
Business
June 13, 2016
China’s yuan trade system to open branches in London, New York
China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part…
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
Business
February 20, 2016
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
The African Export-Import Bank (Afreximbank) has agreed a US$500 million facility with the Central Bank of Egypt (CBE) to help…
Egypt’s central bank not moving toward weakening the pound: official
Business
February 16, 2016
Egypt’s central bank not moving toward weakening the pound: official
Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in…
Morsy inherits presidency as Egyptian pound is at 7-year low
Business
June 24, 2012
Morsy inherits presidency as Egyptian pound is at 7-year low
CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…