hard currency

Hard currency shortage weighs heavily on Egyptians travelling abroad

Hard currency shortage weighs heavily on Egyptians travelling abroad

Driven by shortage in hard currency, Egyptian banks were forced to impose restrictions on foreign currency withdrawal and purchase limits to alleviate the press

كتب: Menna Zaki

Sunday 18-09-2016 04:48 PM
Egypt bans use of debit cards abroad amid hard-currency shortage

Egypt bans use of debit cards abroad amid hard-currency shortage

Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go abroad, a central bank official said

كتب: Reuters, Ehab Farouk

Wednesday 29-06-2016 07:47 PM
Egypt to reduce time to offload wheat cargoes to save hard currency - statement

Egypt to reduce time to offload wheat cargoes to save hard currency - statement

Egypt's ministry of supply is working on a plan to decrease the time spent offloading wheat cargoes from 12 days to five or six days to save on hard currency, the minister said on Wednesday.

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Wednesday 24-06-2015 01:10 PM
Update: Egypt eases controls on movements of hard currency

Update: Egypt eases controls on movements of hard currency

Egypt said on Wednesday it was lifting a $10,000 limit on the amount of hard currency foreigners can bring across its borders, easing some of the controls imposed in late 2012 as its economic crisis worsened.

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Wednesday 13-03-2013 09:39 PM
Egyptians turn to black market for hard currency

Egyptians turn to black market for hard currency

CAIRO, Feb 10 (Reuters) - A run on Egypt's pound has left foreign currency in short supply and driven some dealers into the streets in search of people with U.S. dollars to sell, spawning a new black market.

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Sunday 10-02-2013 06:30 PM
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