foreign currency reserves
Sunday, 12th June 2016The Egyptian banking sector has provided approximately $33.7b to cover the needs of the state and importers requests for foreign exchange between November 2015 and end of April 2016. CBE also aims at providing foreign currency to import fuel and gas supplies.
Sunday, 12th June 2016Egypt has reached the highest level of inflation in seven years in May, another challenge for policy makers trying to tackle a shortage of foreign currency that is slowing growth.
Sunday, 24th April 2016The United Arabic Emirates has allocated $4b to Egypt to boost country's economy, the UAE state news agency WAM informed.