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Our net foreign assets position deteriorated in September
The country’s net foreign assets positions approached record highs in September
Analysts split on Egypt interest rate path ahead of central bank meeting
Analysts pointed to rate hikes losing their ability as a policy tool to calm inflation as a reason behind their…
CBE loosens credit card restrictions for users abroad
The rule change comes following significant volatility in the parallel currency market that saw the EGP fall to a record…
CBE curbs credit card use amid FX crunch
News reports say that credit card users will only be able spend USD 250 of FX a month while in…
Inflation hit a new record high in September, coming in ahead of analyst expectations
Inflation rose to record highs for the fourth consecutive month
THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards
Good afternoon, ladies and gents. It’s by far a calmer day today than it was yesterday, although we’re running with…
Current account surplus in 4Q as imports fall, tourism revenues rise
Egypt generated record revenues from tourism and the Suez Canal during the fiscal year
Net foreign asset position improves slightly in August
FX liquidity in the banking sector deteriorated during the month
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