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Osama El-Menilawy

Osama El-Menilawy latest

The CBE announced on Monday that its foreign exchange reserves increased to $19.6bn in September, compared to $16.6bn in August. (File photo)
October 5th, 2016 - 08:17 GMT

Egypt Central Bank defies the pundits to fix pound to dollar at auction

Ending rife speculation over whether the CBE would float the exchange rate or reduce the value of the Egyptian pound against the dollar at a high rate, the CBE opted to fix the US dollar exchange rate in its regular auction.
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