Economist Sameh Abu Arayes says loans make up large chunk of purported $42bn of foreign reserves in Egypt Egyptian economics expert Sameh Abu Arayes said on Monday that a claim by the Egyptian Central Bank [ More … ]
Algeria’s foreign exchange reserves still exceed US$ 100 billion, announced Wednesday the Governor of the Bank of Algiers Mohamed Loukal. Since late February 2017 and until now, foreign exchange reserves exceed US$ 100 billion, affirmed [ More … ]
BY: Abdel-Hafez Al-Sawi* The Foreign exchange reserve in any country has a specific function, namely, to face the fluctuations in the state’s trading with world countries, and to secure its needs so that its economic [ More … ]
As the Egyptian economy struggles, small and big businessmen will turn to underground traders to fulfill the hard currency shortage and their foreign exchange needs, as reported by Wall Street Journal. The Wall Street Journal [ More … ]
The Finance Minister Amr El Garhy and the Governor of the Central Bank of Egypt (CBE)Tarek Amer are currently in Washington, DC, for a round of talks with senior executives of the IMF on the [ More … ]
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