AJMAN/WAM H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of ...
Read More »Foreign currency trade on Egypt banks soar to $14.5bn
Bloomberg Foreign-currency trading on Egypt’s interbank system has climbed to $14.5 billion since the November 2016 decision to float the currency, central bank Governor Tarek Amer told Bloomberg. Bank trading in dollars — almost non-existent before the float — had reached $9 billion in September. The 60 percent rise since then reflects growing confidence in the economy after reforms aimed ...
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