Financial institutions in Egypt
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Egypt devalues pound, announces flexible exchange rate policy
Egypt devalued the pound to 8.85 per dollar from 7.73 and simultaneously pumped nearly $200 million into the dollar-starved banking system.
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US dollar declines to EGP 9 in informal market
Banks await fresh dollar liquidity to be injected through exceptional CBE auction.
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Egypt's public banks to issue Euro certificates for citizens abroad
Egypt's foreign currency reserves have declined by more than half since 2011, reaching $16.534 billion in February.
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Exchange firm officials prepare for expanded meeting with CBE
El-Abyad denies any agreement between CBE and exchange firms on a specific price for dollar.
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Egypt's Amer Says Dollar Crunch Temporary, Denies IMF Approach
Amer spoke after the central bank this week eased restrictions on foreign currency deposits and withdrawals in banks.
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C.bank Holds 2nd Meeting With Exchange Bureaus
The central bank has been resisting a devaluation, keeping the pound artificially strong at 7.7301 against the dollar unlike in the black market.
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National Bank of Egypt raises rates on dollar deposit certificates
The interest on three year certificates is now 4.25 percent, five years 5.25 and 7 years is now 5.75 percent.
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Morocco's Attijariwafa Bank plans bid for Barclays' Egypt business
Attijariwafa, which already has a presence in 24 countries, including 14 in Africa, is interested in bidding for the Egypt business.
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Egypt denies seeking IMF loan
The Central Bank has already taken several measures over the past few months to fight dollar shortage.
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Sluggish recovery expected in regional market
Kitchen noted that there is a liquidity death in the region's markets, leading to fluctuations in the stock markets.