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Net foreign assets hit fresh high of USD 18.5 bn in July
Commercial banks’ net foreign assets recorded a surplus of USD 7.99 bn in July
Remittances from Egyptians abroad hit record high of USD 36.5 bn in FY 24-25
On a monthly basis, remittances also hit the highest figure ever recorded for June, coming in at USD 3.6 bn
Global diversification, weaker USD raise questions about the greenback’s future
Global investors are increasingly hedging against the USD’s dominance as confidence in US economic and political stability wavers
Banks are loosening up FX restrictions as Abdalla nears end of current term
Higher reserves from tourism, remittances, exports, and portfolio investments are giving lenders room to cut markups and loosen restrictions on…
Net foreign assets climb again, hit USD 14.9 bn in June
The CBE recorded a surplus of nearly USD 10.1 bn in June, up from USD 9.9 bn in May
EGP continues to rise against greenback
Good afternoon, friends. It’s a relatively calm day on the news front, and we’ve got a brisk issue for you…
EGP extends its rally against the greenback
Good afternoon, friends, and welcome to the start of another workweek. At home, the news cycle — and the EGP…
Remittances reach all-time May high
This marks the highest figure ever recorded in the month of May
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