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Gov’t unveils six-year strategy to triple FX receipts. PLUS: IMF sees USD trading at 36.83 against EGP through 2028
The government aims to ramp up its foreign exchange inflows to around USD 300 bn a year by 2030
Egypt’s net foreign liabilities improve slightly in November
The country’s net foreign deficit shrank to USD 27 bn in November
CBE introduces new anti-money laundering rules for better cash flow monitoring
Banks will have a six-month window to implement the new measures
SMEs scramble to pay suppliers as credit card limits bite
From early-stage startups to agencies and professional services firms, it’s a slog to find ways of paying Google, Microsoft, and…
Got a new credit card this morning? You can’t use it for FX purchases for six months.
The move comes in response to a recent surge in credit card issuances
Bad news in the Red Sea
Egypt faces mns in lost FX receipts — and businesses and consumers around the world will stare at spiraling prices
Industry players had hopes of a good year in 2023, but challenges remained
The year saw some gov’t initiatives amid difficult macroeconomic conditions
CBE to keep interest rates steady -poll
Seven out of nine analysts expect the CBE to keep rates steady
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