How Egypt has dealt with the dollar crisis

Tuesday 15-03-2016 02:23 PM

Transaction at an exchange bureau - Reuters photo

CAIRO, Mar 15 (Aswat Masriya) - In the past months, the Central Bank of Egypt has taken several moves to deal with the dollar crisis, with the Egyptian pound’s exchange rate often spinning out of control. 

Aswat Masriya has covered how the crisis has recently evolved and how the central bank dealt with it in the links below. 

- Foreign investors optimistic about the Egyptian pound devaluation

- Egypt’s central bank to adopt a ‘more flexible’ exchange rate policy

- Central bank devalues Egyptian pound to 8.85 per dollar – sources

- Egyptian pound strengthens on black market, unchanged in auction

- Egypt lifts cap on foreign currency deposits for companies importing basic goods

- Egypt's central bank lifts foreign currency cap on companies - state newspaper

- Central bank holds 2nd meeting with exchange bureaus

- Egypt's central bank holds exceptional auction to cover basic imports - sources

- Egypt launches investment scheme to lure expat dollars

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