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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Egypt's central bank determines the pound exchange rate

    Rocky
    Rocky
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     Egypt's central bank determines the pound exchange rate Empty Egypt's central bank determines the pound exchange rate

    Post by Rocky Thu Nov 03, 2016 6:52 am

    [size=30]Egypt's central bank determines the pound exchange rate[/size]
    03/11/2016 12:04 | Number of Views: 31
    font size:  Egypt's central bank determines the pound exchange rate Font_decrease  Egypt's central bank determines the pound exchange rate Font_enlarge
     Egypt's central bank determines the pound exchange rate Thumbnail.php?file=____________________329991393
    Direction Press / Agencies 
     
    A source in the Egyptian government, on Thursday, that the central bank has decided to edit the Egyptian pound exchange rate to be determined according to the mechanisms of supply and demand.
    The Egyptian media quoted informed source as saying: "The government will hold a joint press conference with central bank to announce all the details."


    The source explained that there would be no restrictions on deposits and withdrawals, and will be determined by the Egyptian pound exchange rate according to the mechanisms of supply and demand.
    And the government source believes that the central decision-Masri would eliminate the parallel market, "black", and expected that the net foreign exchange reserves at the Central Bank to rise to more than $ 20 billion.


    The reserves amounted to Egypt's foreign exchange $ 19.6 billion in September / September last, which is an increase compared to previous years, but he barely touches half of Egypt's reserve early 2011. 
    EST


    http://aletejahtv.org/permalink/135643.html
    Rocky
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     Egypt's central bank determines the pound exchange rate Empty Egypt's central bank announces float the Egyptian pound to spend on the

    Post by Rocky Thu Nov 03, 2016 7:14 am

    Egypt's central bank announces float the Egyptian pound to spend on the black market


     Egypt's central bank determines the pound exchange rate Image




    Egypt 's central bank announced Thursday to float the Egyptian pound and leave the freedom of pricing for banks in order to eliminate the black , which rebounded in Egypt for several months because of the pressure on the dollar market. 

    In a statement, the central bank said it " has decided to take several measures to correct politicians trading foreign exchange through the liberation of the prices exchange to give the flexibility of banks operating in Egypt are priced to buy and sell foreign exchange inorder to regain traded within Bill channels completely and end market Almoish of foreign exchange. " 

    as the central bank announced to raise interest rates on deposits in Egyptian pound price" rose 300 basis points the asset to 14.75% , "and to "15.75%" for lending. 

    the official rate of the pound against the dollar (which is the main foreign currency in Egypt) is selected several months ago to 8.8 pounds to the dollar. 

    but because of the acute shortage of Egypt 's resources of foreign currency due to security and political unrest since overthrow of Hosni Mubarak in 2011, the dollar rose on the black market in recent days to up to 18 pounds last weekend.

    struck Egypt in August / August last preliminary agreement with the international Monetary Fund for a loan of $ 12 billion over three years to implement economic reform program Mali includes several measures including liberalization of theEgyptian currency exchange rate.


    http://www.ikhnews.com/index.php?page=article&id=149160

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