Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three days since its currency sharply depreciated last week, Egypt's central bank said in a statement on Monday.
before rebounding to 29.61 pounds by end-Monday.
Egypt promised it would shift to a "durably flexible" exchange rate when it reached an agreement with the IMF for a $3 billion financial support package in October.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Egypt says ancient royal tomb unearthed in LuxorArchaeologists unearthed an ancient tomb in the southern Egyptian city of Luxor, known for its treasures dating back to the pharaohs, authorities said Saturday.
Weiterlesen »
Egypt unveils royal tomb in Luxor dating back around 3,500 yearsInitial examinations show tomb apparently belongs to 18th Dynasty of Pharaonic Egypt, which spanned from 1550 B.C. to 1292 B.C, officials say.
Weiterlesen »
Eni announces new gas discovery offshore EgyptItalian energy group Eni said on Sunday it had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.
Weiterlesen »
Gulf bourses wobble; Egypt edges upStock markets in the Gulf wobbled on Sunday with the Qatari index extending losses for a third session.
Weiterlesen »
Cleveland native Warren Egypt Franklin on ending his ‘Hamilton’ run after 700 shows: ‘It feels surreal’Sunday's show is his 700th performance of “Hamilton” and also his last. The 25-year-old actor is moving on from the life-changing dual role he landed straight out of college nearly four years ago.
Weiterlesen »