CBE governor: Dollarisation in Egypt decreasing
Governor of the Central Bank of Egypt
Cairo - MENA
Governor of the Central Bank of Egypt (CBE) Hisham Ramez said Sunday the dollarization levels were decreasing in Egypt, noting the official and non-official exchange rates would soon be the same.
On the sidelines of the press conference during which he announced issuance of investment certificates in the New Suez Canal Project, Ramez said dollars were now available at all banks to meet the demand of companies and individuals.
The dollar deposits over the past period were decreasing by 22-30% of all deposits which reflected the decrease of dollarization on the market.
"The Egyptians have turned to the Egyptian pound for their savings," he concluded.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEO
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 01:13 2017 Saturday ,11 March
Hamdan Bin Rashid urges young women to become leaders of tomorrowGMT 12:51 2011 Wednesday ,08 June
Murder victim received 100 threat messagesGMT 05:27 2012 Friday ,28 December
China fiscal deficit to go up 50%
GMT 14:22 2015 Wednesday ,21 October
Ferrari shares race to $60, vs IPO price of $52
GMT 13:34 2015 Tuesday ,29 December
History-makers Real seek end-of-year boost
GMT 14:58 2015 Monday ,25 May
Details of competition released for Mohamed bin Zayed International Robotics ChallengeGMT 11:11 2011 Monday ,01 August
UAE, Oman edge higher; volumes tepid
GMT 18:30 2015 Sunday ,29 March
Saudi warplanes target al-Makha port in Yemeni city of TaizzGMT 15:03 2013 Monday ,11 March
Rahim makes Tigers\' historyGMT 01:34 2012 Saturday ,03 November
Big names at World Luxury Fashion WeekGMT 23:20 2011 Friday ,19 August
Spain\'s league players to strike on first day of season
GMT 07:52 2015 Saturday ,24 January
Nut roastGMT 12:11 2012 Wednesday ,29 August
Ahlam in a counterfeit Stéphane dressGMT 14:23 2011 Tuesday ,26 July
78 killed in Moroccan military plane crash
GMT 09:05 2016 Friday ,09 December
Trump meets Ohio victims, environment pick slammed
GMT 10:54 2017 Thursday ,10 August
Tense Kenya awaits election resultsGMT 04:16 2012 Tuesday ,27 March
A ticking bomb in kitchen? Check your gas cylinder
GMT 17:08 2017 Saturday ,22 April
HE Prime Minister Meets President of Uganda
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor