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3232Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
https://www.digit.info/report-egyptian-lawmakers-hail-parliaments-endorsement-of-pact-to-join-brics-bank/
Fri, 03 Feb 2023 09:30:58 +0000https://www.digit.info/2023/02/03/report-egyptian-lawmakers-hail-parliaments-endorsement-of-pact-to-join-brics-bank/Read more]]>Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the […]
]]>Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023
https://www.digit.info/nearly-1-billion-poured-into-egypts-forex-market-local-currency-now-worlds-worst-performing-currency-in-2023/
Wed, 18 Jan 2023 22:30:53 +0000https://www.digit.info/2023/01/18/nearly-1-billion-poured-into-egypts-forex-market-local-currency-now-worlds-worst-performing-currency-in-2023/Read more]]>The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a year or less similarly is […]
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the […]
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a year or less similarly is […]