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Egypt, China Central Banks Sign Pacts To Boost Yuan Use, Payment Systems
The central banks of Egypt and China on Tuesday signed three memoranda of understanding aimed at promoting the use of the ...
Egypt Halts Rate Cuts, With Caution Outranking Slower Inflation
Egypt left interest rates on hold, snapping two rounds of monetary easing, as caution about tensions in the region and the ...
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Why China and Egypt are moving away from the dollar in trade and investment
The agreement was signed Thursday during Chinese Premier Li Qiang’s official visit to Egypt and was witnessed by Egyptian ...
Egypt's Core Inflation at 11.4% Y/y in June, Down From 13.1% in May
CAIRO (Reuters) -Egypt's core inflation was 11.4% on an annual basis in June, down from 13.1% in May, the central bank said ...
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Egypt, China sign 3 MoUs to boost financial, payment system ties
The agreement aims to promote the use of the Chinese yuan among businesses operating in the Egypt-China Economic and Trade ...
China, Egypt sign MoU to boost financial ties, promote local currency settlement
China and Egypt signed a memorandum of understanding (MoU) on Thursday to enhance bilateral financial collaboration, ...
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Egypt's central bank is leaving exchange rate to market but able to ...
CAIRO, March 6 (Reuters) - Egypt central bank governor said on Wednesday that the bank is leaving the exchange rate to be determined by the market mechanisms but has the ability to intervene based ...
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Egypt’s Central Bank Sells $1.5 Billion in Auction to Cover Imports
Egypt’s central bank sold $1.5 billion to banks in an exceptional auction to help cover importers’ foreign currency refinancing needs, just days after it devalued the local currency.