Currency

US dollar and Arab currencies weaken slightly against Egyptian Pound

The US dollar experienced a minor dip on Thursday, during mid-day trading at the National Bank of Egypt (NBE). Both the buying and selling prices of the dollar dropped by approximately two piasters. Concurrently, other Arab currencies are also depreciated against the Egyptian pound. The dollar exchange rate against the Egyptian pound on Thursday recorded …

The post US dollar and Arab currencies weaken slightly against Egyptian Pound appeared first on Egypt Independent.

Egypt Independent December 26, 2024

Prices of 18 car brands in Egypt drop by up to 23% since currency floatation

For the first time in two years, prices of 18 car brands in the Egyptian market have dropped by up to 23 percent since the Egyptian pound was floated, according to the Ashraq Business website. This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply …

The post Prices of 18 car brands in Egypt drop by up to 23% since currency floatation appeared first on Egypt Independent.

Egypt Independent April 26, 2024

Emergence of alternative reserve currencies following American dollar’s decline

In the dominion of international finance, a seismic shift is underway, challenging the longstanding hegemony of the US dollar as

Weekly Blitz March 27, 2024

Iraq Increases Currency and Gold Reserves

By John Lee. The Central Bank of Iraq (CBI) reportedly expects cash reserves to reach $90 billion by the end of this year, up from about $80 billion currently. CBI Deputy Governor, Ammar Khalaf, told the Iraqi News Agency (INA) that the increase is a result of higher oil prices. He added that gold reserves […]

The post Iraq Increases Currency and Gold Reserves first appeared on Iraq Business News.

Iraqinews August 27, 2022