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  • (News by tags)
    Egypt Lifts Its Last Remaining Foreign Currency Restriction

    As their foreign currency resources have increased, Egypt’s central bank has found it best to eliminate its foreign currency controls.

    ...services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX...

    Tags: egyptian pound,central bank of egypt,currency,foreign currency news,currency controls,importers

  • (News by tags)
    Central Bank of Egypt Devalues Currency

    Egypt’s economy is in turmoil and has introduced a plan to ease their short supply of dollars.

    ... The Central Bank of Egypt devalued its currency in an effort to achieve monetary stability in their economy. As a result the bank has decided to adopt a more flexible exchange rate system. Wall Street Journal reports the bank, “On Monday sold almost...

    Tags: central bank of egypt,currency,foreign currency,exchange rate,economy,egypt