The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured...
Tag: Egypts
‘There are no dollars’: foreign currency crunch hits Egypt’s economy
With foreign currency in short supply in Egypt, Rafik Clovis spent December anxiously waiting to find out whether his bank would be able to provide the $67,000 he needed to fund the import of a consig...
COP27 Is Over, But Egypt’s Climate Struggles Are Just Beginning
A sunset over one of the three pyramids of Dashur in Egypt. (Photo by Barry Iverson/Getty Images) Getty Images Last month, the COP27 conference, which brings together leaders from across the world to ...
Inside Egypt’s New Deal With The IMF — Can It Put A Stop To Egypt’s Debt Crisis?
| GIZA, EGYPT Getty Images Key Takeaways Since the Arab Spring in 2010, the Egyptian economy has been under pressure from a variety of sociopolitical forces. Egypt and the IMF agreed to a 46-month fin...
Egypt’s Central Bank Issues Crypto Warning
Violators now Risk Imprisonment CBE has issued a fresh warning about cryptocurrency Crypto is not issued or backed by the central bank The National Bank of Egypt has given a crisp admonition about di...
Egypt’s Central Bank Issues Crypto Warning — Violators Risk Imprisonment – Regulation Bitcoin News
The Central Bank of Egypt (CBE) has issued a fresh warning about cryptocurrency, noting that violators could face imprisonment. The Egyptian central bank’s law “prohibits issuing, trading, or promotin...