Hany Farahat | Al Bawaba

Hany Farahat latest

Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks. (AFP/Patrick Baz)

January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

Egypt's Finance Ministry fixed the customs exchange rate at 18.5 pounds per dollar until the end of February and said it will review the rate each month.

Austerity measures were inevitable with or without the IMF loan. (File photo)

August 14th, 2016 - 06:00 GMT

Egypt's $12B IMF loan: Long-term benefits disputed

The Central Bank of Egypt will hold an exceptional auction to help meet import needs. (Al Bawaba/File)

December 2nd, 2015 - 10:20 GMT

Central Bank of Egypt to add dollar liquidity

December 2nd, 2015 - 11:26 GMT

Hany Farahat latest

Egypt to adjust customs dollar exchange rate to help struggling importers

Egypt's $12B IMF loan: Long-term benefits disputed

Central Bank of Egypt to add dollar liquidity

Egypt Central Bank repays $547.2M in arrears owed to foreign investors