TOPIC foreign reserves
features
Central Bank of Egypt • 8 min read
Declining foreign reserves, explained
Beesan Kassab | Foreign currency reserves have dropped by about $8 billion since the start of the pandemic
18 May 2020
Central Bank of Egypt • 9 min read
$2 billion dip in foreign currency reserves points to Egypt’s reliance on unsustainable investments
Beesan Kassab | The drop is a sign that the methods Egypt has used to prop up its reserves are unsustainable
18 January 2019
2018/19 budget • 14 min read
On the Egyptian pound, living standards and real estate: An economy forecast for 2019
Mohamed Gad | Economists Ahmed Shams Eddin and Wael Gamal discuss Egypt’s macroeconomic projections for 2019
2 January 2019
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
 
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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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