foreign reserves

features

foreign debt • 5 min read

Graph | Despite record highs, a third of Egyptian foreign reserves are debts due within a year

Osman El Sharnoubi | A large portion of the reserve was built through short-term borrowing, which must be paid back

13 February 2018

foreign reserves • 7 min read

Sisi claims Suez Canal revenue is increasing, but it depends on how you count it

Isabel Esterman | In a Thursday speech extolling his government’s accomplishments, President Abdel-Fattah al-Sisi took

7 May 2016

Central Bank of Egypt • 11 min read

Dollar shortages are hitting Egyptians from all walks of life

Isabel Esterman | "The bank is walking back its tough stance on the black market. All eyes are on the Central Bank."

9 March 2016

black market • 7 min read

Why does the dollar keep rising against the pound?

Beesan Kassab | The official exchange rate for the Egyptian pound has remained steady at LE7.73 to the US dollar since

25 February 2016

Agriculture Ministry • 9 min read

Egypt’s wheat policies sow market confusion

Robert Barron | A series of back-and-forth announcements by Egyptian authorities has roiled global wheat markets and,

8 February 2016

black market • 9 min read

Local businesses are bearing the brunt of restrictive currency policies

Isabel Esterman | Egypt’s increasingly controversial attempts to hold the pound steady against the US dollar require

27 September 2015

Central Bank of Egypt • 7 min read

Q&A on the depreciation of the Egyptian pound

Mostafa Mohie | The Egyptian pound recorded LE7.73 to the dollar at the foreign exchange auction on Tuesday, and

7 July 2015

Egypt-Russia relations • 9 min read

What’s the deal with the Russia-Egypt currency deal?

Isabel Esterman | In the run-up to Russian President Vladimir Putin’s visit to Egypt, he told the state-owned newspaper

16 February 2015

black market • 12 min read

Watching the pound slide

Isabel Esterman | The Egyptian pound has declined by 5.46 percent against the dollar since January 18, reflecting a clear

4 February 2015

More features

Opinion

Michel Assaad

Do economic indicators reflect reality for most Egyptians?

Growth amid inequality and corruption only ever benefits a limited number of people

6 February 2018

Ayman Ismail

13 simple truths about the economy

You cannot attract foreign investors if you can't keep your local investors.

4 August 2016

Mohamed Sultan

The dollar: To LE10, and beyond!

Of all the people in the office, Maysara was probably the most afflicted by boredom. Everyone else spent

22 October 2015

News

Sherif Ismail • 3 min read

Egypt PM’s speech on floods and the economy provokes roars in Parliament

1 November 2016

Foreign Ministry • 2 min read

August salaries for Egyptian embassies abroad delayed due to dollar crisis

23 August 2016

foreign reserves • 2 min read

Foreign reserves fall to US$15.5 bn, as Egypt repays loans

9 August 2016

black market • 5 min read

More raids on exchange bureaus as Egypt tries to crush black market

7 August 2016

devaluation • 5 min read

Central bank governor: Support for pound was ‘grave error’

3 July 2016

Central Bank of Egypt • 2 min read

Foreign reserves climb to $17 billion in April

5 May 2016

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