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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
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
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
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
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
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."
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
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,
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
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
Ayman Ismail
13 simple truths about the economy
You cannot attract foreign investors if you can't keep your local investors.
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
News
Sherif Ismail
3 min read
Egypt PM’s speech on floods and the economy provokes roars in Parliament
Foreign Ministry
2 min read
August salaries for Egyptian embassies abroad delayed due to dollar crisis
foreign reserves
2 min read
Foreign reserves fall to US$15.5 bn, as Egypt repays loans
black market
5 min read
More raids on exchange bureaus as Egypt tries to crush black market
devaluation
5 min read
Central bank governor: Support for pound was ‘grave error’
Central Bank of Egypt
2 min read
Foreign reserves climb to $17 billion in April
AD
More News
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Parent Topics
monetary policy
Featured Contributors
Beesan Kassab
Mohamed Gad
Osman El Sharnoubi
Isabel Esterman
Robert Barron
Michel Assaad
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