Egypt Economy

US dollar exchange rate in Egypt on Friday

The price of the US dollar stabilized against the Egyptian pound, on Friday, in Egypt, coinciding with the start of the weekly bank holiday, which lasts on Friday and Saturday. The price of the dollar on Friday: Central Bank of Egypt LE29.5 for purchase LE29.63 for sale National Bank of Egypt LE29.5 for purchase LE29.55 …

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Egypt Independent January 14, 2023

US dollar price hits LE26 on Wednesday

The price of the US dollar rose significantly on Wednesday, January 4, 2023 to hit LE26, coinciding with Banque Misr the National Bank of Egypt offering savings certificates, with a return of 25 percent. The price of the US dollar, on Wednesday, rose to LE26 pounds in six operating banks in the Egyptian market. The …

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Egypt Independent January 5, 2023

Egypt announces compulsory pricing of about 15 basic commodities

Assistant Minister of Supply and Internal Trade in Egypt Ibrahim Ashmawy announced the compulsory pricing of about 15 strategic and basic commodities. Ashmawy added, during televised statements, that many countries suffer from increased prices of various commodities, as well as low levels of global economic growth and large inflationary waves around the world. Ashmawy said …

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Egypt Independent December 20, 2022

Egyptian Economic Conf. 2022 issues its recommendations

ÕThe Egyptian Economic Conference 2022 – which was attended by President Abdel Fattah El Sisi – announced on Tuesday 25/10/2022 reaching several key recommendations and proposals which were reached in light of opinions of participating experts and specialists. The conference’s recommendations called for promoting the role of the non-banking financial sector and activating a …

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Egypt Independent October 28, 2022

US dollar prices decline in Egypt Tuesday

On Tuesday, the price of the US dollar witnessed a decline at the end of the day against the Egyptian pound in all banks operating in the Egyptian market. The price of the dollar against the pound recorded a new decline in the Central Bank of Egypt, to record LE19.6217 for purchase, and LE19.7284 for …

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Egypt Independent October 19, 2022

Egypt reduces total deficit to 6.1% of GDP in FY 2021/22: ministry

Egypt recorded in the fiscal year ending in June 2022 a growth rate of 6.6 percent, and a primary surplus of 1.3 percent reducing the total deficit to 6.1 percent of GDP, bringing the debt rate of budgetary agencies to 87.2 percent of GDP, Finance Minister Mohamed Maait said. Maait added that the government aims …

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Egypt Independent October 13, 2022

Egypt PM checks on strategic reserve of basic commodities, Eid preparations

CAIRO, July 6 (MENA) – Prime Minister Moustafa Madbouli reiterated on Wednesday the country’s tireless efforts to secure sufficient stockpiles of basic commodities and allocate necessary funds for this purpose despite all challenges and negative impacts of current global crises. Madbouli made the remarks during a meeting with Supply and Internal Trade Minister Ali el …

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Egypt Independent July 9, 2022

US dollar price approaching LE19 in Egypt

The price of the US dollar rose on Thursday in Egypt, following successive rises in June and July, to approach LE19 for sale in banks, compared to LE18.58 for purchase in early June and LE18.64 for sale. The price of the US dollar in banks in Egypt on Thursday was as follows: National Bank of …

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Egypt Independent July 8, 2022

Egypt’s foreign currency reserves down by US$ 1.628 billion in May, CBE

The Central Bank of Egypt (CBE) said that the foreign currency reserves reached about US$35.495 billion at the end of May, compared to $37.123 billion at the end of the previous April, a decrease of $1.628 billion. In a statement on Monday, the CBE explained that this decrease came against the background of the role …

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Egypt Independent June 7, 2022

Central Bank of Iraq increases Capital

By John Lee. The Central Bank of Iraq (CBI) has reportedly announced an increase in its capital. State-owned Iraqi News Agency (INA) said that the capital will be increased from 3 trillion dinars (approximately $2 billion) to 5 trillion dinars. It quotes the media office of CBI as saying that the increase was made using […]

The post Central Bank of Iraq increases Capital first appeared on Iraq Business News.

Iraqinews May 23, 2022

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