Egypt’s currency crisis is escalating as its national currency continues to decline against the dollar in the parallel market, amid growing signs of a currency devaluation, with the government talking about painful necessary economic reforms, [ More … ]
Two government sources said that Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion (9.25 billion pounds) lending programme and will make [ More … ]
After a debatable meeting, the Central Bank of Egypt (CBE) decided to raise its benchmark interest rate to the highest level in at least a decade. The CBE decision aims to contain inflation and rise [ More … ]
The efforts of the Central Bank of Egypt (CBE) to abolish illegal currency trading are pushing black market dealers towards carrying out external transactions, to remain away from the reach of the law. The black [ More … ]
Copyright © 2016 | Middle East Observer