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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.

      As of Tuesday, November 28, the Central Bank of Egypt has lifted its only remaining official foreign currency control. This control imposed limits on deposits and withdrawals by importers of non-essential goods. “Deposits had been res...

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

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    Foreign Exchange: Qatari Riyal Currency in Crisis

    CXI is currently unable to buy or sell any Qatari riyal.

    .yellow-alert {background-color:rgba(255, 228, 140, 0.31); width:98%; margin: 10px auto; color: #e2a700; border: 1px solid #bb8f10; padding: 5px;} Update June 7, 2017: Qatar Riyals (QAR) Trading Suspended. Due to a deterioration of relations between ...

    Tags: qatar,riyal,central banks,foreign exchange,currency,qar,bahrain,egypt,saudi arabia,united arab emirates

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    Egypt Devalues Currency to Get IMF Loan

    A new plan to float the pound is in the works.

      The International Monetary Fund has officially approved a three-year $12 billion loan to help support the country’s economic reform plan. Starting this month the government floated the Egyptian pound, and it has now lost 50 percent of its valu...

    Tags: egypt,egyptian pounds,us dollar,currency,foreign currency,currency exchange international,currency exchange

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    Central Bank of Egypt Devalues Currency

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

    Photo: flickr/emi moriya   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 repor...

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