November 03, 2016 - 14:03 GMT
After much speculation, Egypt's Central Bank has floated the pound and hiked interest rates by 300 basis points for 'one night only' to rebalance currency markets.
November 03, 2016 - 10:00 GMT
The dollar’s rate has been significantly declining over the past two days, as the Egyptian government ramps up efforts to eradicate the black market.
October 05, 2016 - 08:17 GMT
Ending rife speculation over whether the CBE would float the exchange rate or reduce the value of the Egyptian pound against the dollar at a high rate, the CBE opted to fix the US dollar exchange rate in its regular auction.
September 08, 2016 - 05:16 GMT
As Eid Al-Adha approaches, Saudi Arabia's flourishing exchange market is witnessing a high demand on the dollar and lower demand for the euro.
August 15, 2016 - 14:00 GMT
A new banking law sets fines between EGP 1m-5m and prison terms between six months and three years for exchange companies selling the US dollar at a higher rate than the CBE.
August 14, 2016 - 07:00 GMT
Saudi Arabia’s Central Bank Governor shoots down speculation over the riyal, saying that it had “sufficient tools” to support its fixed exchange rate policy.