Bitcoin plans to launch in Egypt by late August, awaits needed legislation to be legally traded
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Banks operating in the local market have begun to ease restrictions set earlier on Egyptians’ use of US dollars abroad through cash and electronic payment cards. Commercial state banks including the National Bank of Egypt (NBE), Banque Misr, and Banque du Cairo were the first to make this move, and were followed by other banks …
4.3 million traders expected to stop buying US dollars for 2 weeks in a bid to stop further appreciation
We are owed €15m by the government, which impacts our financial results, says Gueblaoui
In a bid to attract more Chinese tourists into the country, Cambodia is accepting payments in yuan. But many Cambodians oppose the measure, saying the government should promote the use of its own currency instead.
Banque du Caire, along with all state-owned banks, does not obtain its US dollars from tenders of the Central Bank of Egypt (CBE) held on Tuesdays, said CEO and chairperson of Banque du Caire Mounir, El Zahid. El Zahid told Daily News Egypt that the National Bank of Egypt, Banque Misr, and Banque du Caire …
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
Banks were granted this amount at a price of EGP8.78 to the dollar. Banks will sell to clients at a price of EGP8.88 to the dollar
State Department spokesperson Jen Psaki says US supports nuclear power programme under Nuclear Nonproliferation Treaty
Reducing the gap between the official price and black market price will bring more dollars to Egypt, El Sewedy says
October’s figure marks the fourth consecutive increase in foreign currency since a decrease of around $60m from May’s figure to June
Auction aims to support banks and their role in domestic economy, central bank says
The black market exchange rate exceeds the official rate by as much as 6%.
Resorts to paying some suppliers in Egyptian pounds
Al-Hag Abdel Samea, black market currency vendor: ‘We are the biggest benefactors of Egypt’s foreign currency crisis’