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Exchange Rate

Egyptian Real Estate Council President Applauds Interest Rate Surge and Exchange Rate Fairness Announcement

President of Egyptian Real Estate Council, lauds recent economic measures by highlighting their positive impact on market stability.

Egyptian Central Bank Deputy Governor Outlines Economic Growth, Employment Goals

Abu El-Naga affirmed the diversified nature of the Egyptian economy, capable of attracting foreign direct investments through upcoming measures.

Egypt's Economic Reform Gains Momentum: Former Official Endorses Interest Rate Hike, Exchange Rate Flexibility

Preparations for implementing the reform program include securing the necessary financing to support foreign currency liquidity.

Governor Hassan Abdalla: Central Bank Takes Decisive Action, Acknowledges Massive Dollar Supply Through Banking System

Egypt's Central Bank takes decisive measures to tackle inflation, raising interest rates by 6% and acknowledging a substantial supply of dollars through the banking system.

Egyptian Commerce Chamber Secretary-General Advocates Fair Exchange Rate for Economic Stability

Egyptian Chamber of Commerce Secretary-General Dr. Alaa Ezz emphasizes the importance of a fair exchange rate and interest rate hike.