currency devaluation

Lebanon devaluates Lira by 90%
Economy

Lebanon devaluates Lira by 90%

Governor of the Central Bank of Lebanon (Banque du Liban) Riad Salameh said Lebanon will adopt a new official exchange…
Exchange rate flexibility is important for Egypt: IMF
Egypt

Exchange rate flexibility is important for Egypt: IMF

The International Monetary Fund said on Friday that exchange rate flexibility is important for Egypt. “In the past, a heavily…
Increase in rebar prices, factories not selling
Business

Increase in rebar prices, factories not selling

Ahmed al-Zainy, Chairman of the Building Materials Division, at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that there…
US Embassy in Egypt warns its citizens against possible protests
Egypt

US Embassy in Egypt warns its citizens against possible protests

The US embassy in Egypt warned its citizens in Cairo against protests in Egypt over currency devaluation, calling on them…
Selling Assets to Foreign Sovereign Funds: a Gain or a Loss?
Business

Selling Assets to Foreign Sovereign Funds: a Gain or a Loss?

In normal circumstances, it wouldn’t have occurred to me to ask this question. I spent a good part of my…
Analysis: When Erdogan’s Turkish economic miracle began failing
Middle East

Analysis: When Erdogan’s Turkish economic miracle began failing

ISTANBUL, July 15 (Reuters) – Five years after President Tayyip Erdogan saw off a coup, his chances of extending his…
Wednesday’s US dollar to Egyptian pound exchange rates
Business

Wednesday’s US dollar to Egyptian pound exchange rates

The US dollar to Egyptian pound exchange rates remained stable on Wednesday at the Central Bank of Egypt, recording LE15.64…
Thursday’s exchange rate for foreign currencies
Business

Thursday’s exchange rate for foreign currencies

Al-Mal news website has published exchange rate for foreign currencies such as the sterling pound and others at the National…
US dollar to Egyptian pound exchange rate on Monday
Business

US dollar to Egyptian pound exchange rate on Monday

The US dollar to Egyptian pound exchange rate on Monday recorded LE15.61 for purchase and LE15.71 for selling in most…
US Dollar to Egyptian pound exchange rate on Tuesday
Business

US Dollar to Egyptian pound exchange rate on Tuesday

The US dollar to Egyptian pound exchange rate on Tuesday recorded LE15.61 for purchase and LE15.71 for selling in most…
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