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Why did the EGP gain against the greenback yesterday?
Connecting the dots: The EGP keeps strengthening, yields keep falling: The EGP continued rising against the USD this week, strengthening…
Egypt’s FX reserves fall for first time after EGP float
Foreign reserves have fallen for the first time in two years: Egypt’s net foreign reserves fell in December for the…
Gov’t expects USD 86.7 bn in foreign currency inflows into Egypt during 2019
Gov’t expects USD 86.7 bn in foreign currency inflows throughout 2019: The government is expecting 2019 to see USD 86.7…
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most” -Capital Economics
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most,”…
Egypt’s FX reserves reach USD 44.513 bn at end-November
Egypt’s net foreign reserves were flat at USD 44.513 bn as of the end of November compared to USD 44.501…
What we’re tracking on 04 December 2018
The central bank’s parallel FX repatriation mechanism ends today for new portfolio investments. “The decision applies on any fresh foreign…
Egypt FX reserves reach USD 44.501 bn at end-October
Egypt’s net foreign reserves rose marginally to USD 44.501 bn at the end of October, up from USD 44.459 bn…
Devaluation is “credit positive” for Egypt, says Moody’s
Add Moody’s to the list of outfits banging the drum for devaluation, with the ratings agancy saying in a note…
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