3.20pm Friday 06 January 2023 Cairo – Masrawy: Gold prices returned to decline in Egypt today, Friday, as half of trading took place after the price per gram saw successive jumps, raising the price by around £90 from Wednesday despite rising global metal prices. And in the middle of Friday’s trading, the price of gold … Read more
18:24 Thursday 05 January 2023 I wrote – Sherine Salah: The price of the dollar rose again at the Banque du Caire during trading on Thursday and was up 10 piasters by 5.30pm, according to bank data. The price of the dollar at the Banque du Caire was recorded: £27.10 to buy, an increase of … Read more
17:22 Thursday 05 January 2023 I wrote – Sherine Salah: The price of the dollar rose against the pound today, Thursday, at 10 operating banks in Egypt, as of the end of trading, from its level at the close of trading yesterday. The dollar’s average exchange rate against the pound rose 63 points, to £27.01 … Read more
Achieved the goal of the second version of the “soy dollar 2”, Sergio Massa accelerate negotiations with the next economic authorities of Brazil for strengthen the reserves of the Central Bank. The technical teams of both countries are working to reach an agreement on the launch of “UP“, the common currency of the two countries, … Read more
2:42 pm Tuesday 27 December 2022 I wrote – Manal Al-Masry: After hours and days of speculation, the National Bank of Egypt and Egypt offered an interest certificate of 20% out of question during the current period, according to the assurances of the top management of the two banks yesterday, Monday, despite the Central Bank … Read more
issued Central bank A letter to banks including the exclusion of categories from recent decisions regarding the supply of foreign currency to customers outside the country. A banking source revealed that the Central Bank has ordered banks to source foreign currency and open the limits of credit cards and direct debit cards for foreign currency … Read more
issued by the Board of Directors Central Bank of Egypt Some decisions to favor the transformation of a society less dependent on banknotes, as part of the implementation of the strategy of the National Payments Council chaired by President Abdel Fattah El-Sisi, and in the continuation of efforts to support the digital transformation. The validity … Read more
12:08 Thursday 22 December 2022 I wrote – Manal Al-Masry: Today, Thursday, the Central Bank will hold the last periodic meeting of the Monetary Policy Committee, which has the task of regulating the interest rate during 2022. According to the Central Bank’s website, the Monetary Policy Committee meets to vote on setting the interest rate … Read more
The Hang Seng index in the Hong Kong stock market closed higher this morning. This is a recovery after closing over 200 points yesterday. Due to concerns that the Bank of Japan (BOJ) has broadened the bond yield picture. This has led investors to think that the BOJ is signaling tighter monetary policy following in … Read more
11:11 PM Sunday 18 December 2022 Books – Mustafa Eid: HC Securities and Investment Company had expected the central bank to raise interest rates by 2% at its last Monetary Policy Committee meeting this year next Thursday to tackle inflation. The next meeting comes after the central bank raised interest rates by 2% during an … Read more