Search results “Banks exchange rates egypt”
Egypt's gov't adopts more flexible exchange rate after devaluation
Egypt's central bank has devalued the pound and said it would move to a more flexible exchange rate policy to ease foreign exchange shortage. The Egyptian currency will now trade at 8.85 to the dollar, down from a previous 7.73. The central bank also pumped nearly $200 million into the dollar-starved banking system in a surprise sale. With tens of millions living in poverty, the central bank had been reluctant to devalue for fear of sparking inflation. Economists said the move would encourage foreign investment in Egyptian stocks and treasuries, which have seen an exodus of foreign money in recent years.
Views: 313 CGTN Africa
Definition of exchange rate
Definition of exchange rate #exchange #rate exchange rate XE - The World's Trusted Currency Authority X-Rates: Exchange Rates Currency Converter | Foreign Exchange Rates | OANDA Live Exchange Rates | OANDA Exchange Rates BOC EXCHANGE RATE(new) Exchange rate - Wikipedia Exchange Rates - Bank of Canada Foreign Currency Exchange Rates | Scotiabank currency exchange google exchange rate today exchange mail exchange rate indian rupees to saudi riyal indian rupee exchange rate currency exchange live live currency converter محول العملات جوجل Exchange rates graphs - NZD USD | ANZ Exchange Rates - Visa Europe Exchange Rate Definition | Investopedia Exchange Rates Foreign Currency T/T Exchange Rates - Hang Seng Bank ... Exchange Rate Alerts | Rate Notifications by TransferWise Foreign Exchange Rates | BMO Bank of Montreal Exchange Rates - Banque Misr Bank of Israel - Exchange Rates Central Bank of Sri Lanka - Exchange Rates Exchange rates - BNZ Exchange Rates | Bank Negara Malaysia | Central Bank of ... Exchange Rate Notifications - Central Board of Excise and ... abokiFX | Your daily Naira exchange rate Foreign exchange rates | Australian Taxation Office Foreign exchange rates | International & Migrant - Westpac ... Euro exchange rates USD - European Central Bank - Europa Currency Converter | Get Live Currency Exchange Rates | ... Foreign Exchange Rates New Zealand Customs Service : Customs rates of exchange Currency converter & exchange rate calculator | Travelex PACIFIC Exchange Rate Service FRB: H.10 Release--Foreign Exchange Rates--Country Data UN Operational Rates of Exchange - Rates Exchange Rates | RBA Treasury Reporting Rates of Exchange - Bureau of the ... Currency Exchange Rates - Investing.com USD to MXN Exchange Rate - Bloomberg Markets Exchange Rate Archives by Month - IMF T/T Exchange Rates against HKD | Investment | Bank of ...
Egypt floats currency, paving way for IMF loan
The price of gas in Egypt has risen by more than 30 percent overnight, after the government removed subsidies on car and cooking fuels. It has also floated the Egyptian pound so that it can be traded freely, as part of conditions to get a $12bn loan from the International Monetary Fund. Al Jazeera's Rob Matheson reports. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 3724 Al Jazeera English
Al Baraka Bank issues attractive interest rates in exchange for dollars in Egypt
Egypt is suffering a shortage of dollars. Forex reserves have dwindled to a low of 16.5 billion dollars covering just about three months of import needs. The Egyptian pound has been losing value throughout the year to the apparent delight of black market dealers.
Views: 401 CGTN Africa
Expat dollar certificates aim to boost Egypt's foreign currency reserves
(29 Feb 2016) LEAD IN: The Egyptian government has launched a new dollar certificate to encourage Egyptian expatriates to move their foreign currencies into the country's economy. It's an attempt to boost Egypt's dwindling foreign currency reserves which have led to record lows in black market rates for the pound. STORY-LINE: Egypt's currency is floundering. The pound has dropped to record lows on the black market in the last week, hovering between 9 and 9.25 per dollar. The problem is linked to the import market with companies relying on dollars to bring goods into the country. But foreign currency reserves have fallen drastically and businesses are struggling to find the dollars to import items. The reserves have remained at 16.5 billion dollars in recent months, having declined from 36 billion in December 2010, a month before the 2011 uprising that toppled long time autocrat Hosni Mubarak. But the government has a plan to boost that number. It has launched 'Belady' dollar certificates to encourage Egyptian expatriates to move their currency savings into the country's economy. "We announce the issue of the Egyptian dollar certificate 'Belady' for Egyptian expats through the branches of those three national banks (National Bank of Egypt, Banque du Caire, Banque Misr). Those banks are issuing such certificates in response to demands from the Egyptian expatriates to direct their savings into foreign currency to serve their country's economy," says Nabila Makram, Minister of Immigration and Egyptian Expatriate Affairs. The certificates offer interest rates of 3.5, 4.5 or 5.5 percent, depending on the maturity term. Egypt faces an uphill struggle to meet its dollar needs. "The worst thing is the balance of payment in Egypt's economy. What Egypt needs to pay to the outside world in hard currency, in the form of importing goods and services, and other commitments, like paying Egypt's debts, is much bigger than Egypt's income from foreign currencies from revenues of Suez Canal, tourism, remittances from Egyptians abroad and revenues from foreign investments in Egypt," says Magdy Sobhy, Deputy Director of Al-Ahram Center for Political and Strategic Studies. "So this critical situation will result in a drop in Egypt's exchange reserve from foreign currency and obviously will affect the value of the Egyptian currency." Egypt can no longer really on tourism to prop up its currency revenues. It has has declined sharply since unrest stemming from the 2011 toppling of Mubarak. The apparent bombing of a Russian passenger plane over the Sinai peninsula last year, claimed by the IS group, led to widespread flight cancellations, dealing a major blow to the industry, which is one of the country's main earners. Pressure is mounting on the central bank to devalue the pound. Central bank Governor Tarek Amer has said the bank would only consider floating the pound once the country shores up its foreign currency reserves to 25 billion US dollars or 30 billion US dollars. "A floating exchange rate is to allow the market mechanisms to determine the currency value against the foreign exchange market and what we see now of the pound value in the black market is considered floating the pound," says Sobhy. Egypt's official exchange rate remains at 7.83 at banks since the central bank strengthened the pound by 0.20 pounds in November, a move that came as a surprise to investors. A devaluation would cause a surge in prices for Egyptians who are needing imported goods. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/a2fe5e93a188f2f207063ba8b1622943 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 79 AP Archive
Egypt - Money Exchange Machines
Egypt Hurghada Egyptian pound (LE)
Views: 253 aljoin
Fitch hold Egypt's Foreign & local currency IDRs at B, stable outlook
The average exchange rate for the Egyptian pound closed on Friday at EGP 18.60 against the US dollar in Egypt's banks, the lowest rate since the central bank floated the national currency on 3 November The dollar stood at EGP 18.85 in Egypt's central bank, 18.60 at Egypt's largest private lender CIB, and 19 at HSBC Egypt. The country's foreign reserves stood at $23 billion by the end of November.
Views: 269 CGTN Africa
Egyptian central bank aims to stamp out black market traders
LEAD IN: Egypt's central bank is working to keep the Egyptian pound steady in an effort to crack down on unregulated foreign exchange trading and to also boost investment. After a rapid decline in January, the US dollar is now buying 7.63 pounds, closing the gap between bank and private exchange markets. STORY-LINE: It's been a rollercoaster ride for the value of the Egyptian pound against the US dollar, with a rapid decline since January. The National Bank of Egypt is now intervening to support the currency at its current rate of 7.63 pounds. Previously, the dollar's price had been stable at 7.14 EGP in banks. However in private exchange markets, it had risen to 7.80 EGP. Egypt's central bank has been acting to close that gap in an effort to wipe out black market trading. It operates a managed float of the pound and can influence its value by buying and selling currency at official auctions several times a week. The bank's intervention has been welcomed by some private money exchangers, like Tamer Rafee. He says: "The decision of the central bank to raise the dollar to reach its price in exchange markets is completely right. But still the black market is affecting this decision. Because it sells dollars with higher prices and buys dollars with lower prices. So what we need right now is some flexibility between both selling and buying prices in order to destroy the black market completely." The weaker pound will make some imported items more expensive. However for exporters, the lower pound should make their items more affordable to overseas buyers. Some shop owners say they have absorbed the changes and have not yet raised the price of their stock. Electronics store owner, Hassan Salama says: "At first we changed dollars from exchange markets by 7.70 or 7.80 Egyptian pounds. Banks refused to sell dollars for us at the beginning. And now the bank exchanges the dollar with 7.63 Egyptian pounds which is less by 2 percent than exchange markets. So I assume that the dollar did not increase and did not affect our products. Our prices in the store did not rise. And sometimes I decrease my profit margin to decrease prices for my products on sale." But for local mobile phone outlets, the situation is different. Many phones are imported from China and Far-Eastern countries and the cost of doing business has now increased, because of the rising US dollar and the falling Egyptian pound. "Concerning my business, all my products have been affected by the rise of the dollar price. Mobile accessories, mobiles and tablets, Chinese or Samsung brands or whatever imports have been all affected by the rise of the dollar. And hence when the dollar rises, the products rise as well." says local mobile seller, Mohamed Abdel Gawad. Luxury products like perfumes and watches have also been affected. Perfume shop owner, Hamdy Alogeil says: "We used to import 1 or 2 containers per month. But now we import one container every six months. And this is due to the rise of the dollar's price in the market ." The price of cars being imported into Egypt will also go up. Newspapers have published articles confirming the rise of car prices in 2015. This has prompted many Egyptians to buy cars now through bank instalments, instead of paying cash. Egyptian banks had refused to open accounts for car traders with dollars, and that led them to buy dollars with higher prices which influenced the car market prices. In the private exchange markets, the dollar has fallen down to 7.65 EGP which is similar to the banks price on 7.63 EGP. But the problem of black market traders remains, with some buying dollars for as much as 8 EGP. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/5e6ecac555e36175b59efcba802c82c8 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 1551 AP Archive
Egypt holds foreign exchange auction to stabilize local currency
Egypt's central bank sold $551 million to commercial banks at a rate of 7.73 Egyptian pounds to the dollar in an exceptional foreign exchange auction. The auction was to cover imports of strategic goods. Egypt has been suffering from a foreign-currency crunch due to political turmoil that has gripped the country since the 2011 unrest. CCTV's Yasser Hakim looks at whether the auction has stabilized the Egyptian pound.
Views: 130 CGTN Africa
Egypt Finance ministry to raise dollar rate to 17 from 15.7
Egypt’s finance ministry is set to raise the customs dollar exchange rate to EGP 17 from EGP 15.7 for two weeks effective as of Thursday. Finance Minister Amr El-Garhy said the new rate would be applied starting this weekend until the end of March in line with foreign exchange rates in use at banks. In early February, the pound's official exchange rate climbed from EGP 18.5 to 15.7. In November, the CBE freely floated the pound, releasing it from a fixed rate of 8.88, as part of a set of economic reforms aimed at reviving Egypt's flagging economy. Egypt's central bank says the country's foreign reserves reached $26.54 billion by the end of February 2017, up from around $26.36 billion in January.
Views: 205 CGTN Africa
The future of money | Neha Narula
What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the radical promise of a world powered by cryptocurrencies like Bitcoin and Ethereum. We're not there yet, but in this sparky talk, digital currency researcher Neha Narula describes the collective fiction of money — and paints a picture of a very different looking future. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector
Views: 293767 TED
Egypt's Central Bank values home currency at 8.85 pounds per dollar
Egypt's Central Bank has devalued the pound to 8.85 pounds per dollar from a previous 7.73, as it tries to resolve dollar shortages. Experts say the move is necessary to spare the treasury from spending desperately needed foreign currency to prop up the Egyptian pound. Egypt, which depends heavily on imports, is facing a foreign currency crisis caused by slow capital flows from key ministries such as tourism. Last week, it lifted caps on withdrawals and deposits of foreign currencies for individuals and companies importing essential goods, while keeping them in place for other corporates. But Many Egyptians are worried that the recent devaluation would cause a surge in prices.
Views: 786 CGTN Africa
Egypt faces crisis with a devalued currency
http://www.euronews.com/ Egypt is facing a major credit crisis as its banks hold a national currency which is fast losing its value on international exchange markets. Since the ousting of the old regime, violent protests, a soaring budget deficit and a starved tourist industry have resulted in a seeping away of confidence in the Egyptian pound. And it is not only a problem of paying for imports - the Egyptian people are engaged in a daily battle to pay for the basic materials to live with a currency nobody wants. An owner of a currency exchange centre said: "Traders import from abroad and this increases the demand for the dollar, importers resort to collecting the dollar from the markets and this reduces the rate of the Egyptian currency." The government is grappling with the situation. It is seeking favourable easy payment terms for imports, hoping for an IMF loan and trying to stabilise the currency by restricting bank held foreign reserves. But it's an up hill struggle. One local trader complained that bankers say they have no dollars, but they do have them. "We would still buy them even of the dollar was worth ten pounds, because we don't know the fate of the Egyptian pound," he said. Reporting for euronews in Cairo, Mohammed Shaikhibrahim said: "Restoring confidence in the Egyptian national currency it closely dependent upon political stability, security, and the government's package of reform measures. They include such things a market surveillance and import controls all so that the Egyptian pound can eventually recover." . Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 3349 euronews (in English)
Egyptian Money
This is probably the only time we will have all forms of Egyptian currency, so we thought this was the best time to show you.
Views: 11486 Frommes on a Journey
Reform of the exchange rate regime in Morocco- Episode 2
الموقع الرسمي لبنك المغرب - البنك المركزي المغربي Chaîne officielle de Bank Al-Maghrib -Bank Al-Maghrib official
Views: 1060 Bank Al-Maghrib
Egypt toughens grip on currency to revive ailing economy
Egypt is witnessing an unprecedented devaluation of its currency, with the exchange rate of the U.S. dollar once exceeding 13 Egyptian pounds on the black market. The government has closed 47 of 94 licensed currency exchange bureaus this year.
Views: 470 New China TV
10 Highest Currency in Africa in 2018 {Most Valuable Strongest Currency in Africa 2018} ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👉Subscribe to our YouTube channel: https://goo.gl/oHL7nB ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Have you ever wondered what is the highest currency in Africa, you know the Strongest most valuable currency in Africa, those particular currency notes that give you the more buying power in other countries. Well, Hirwa10 has your back on that, with the right answers. We would place the highest currency in Africa against the most used currency in the world {Dollars $} to know how they compare to the dollar. Highest currency in Africa / strongest currency in Africa Top 10 Highest Currency in Africa in 2018 {Most Valuable Strongest Currency in Africa 2018} LIBYAN DINAR LYD TUNISIA DINAR TND GHANAIAN CEDIS GHS Sudanese POUNDS SDG MOROCCAN DIRHAM MAD BOTSWANA PULA BWP SOUTH AFRICAN RAND ZAR EGYPTIAN POUNDS EGP ERITREAN NAKFA ERN ZAMBIAN KWACHA ZMW Details on Each Currency 1. LIBYAN DINAR LYD 1 USD To 1.36 LYD Libya is known for its vast deposit of crude oil. Aside from this, I guess you must have heard of their former ruler Gaddafi. However, did you know that the currency of Libya, the Libyan Dinar is the strongest currency in Africa? Yes, it is. When compared with the dollar, one dollar is equivalent to 1.36 Libyan dinars. 2. TUNISIA DINAR TND 1 USD To 2.45 TND Tunisia Dinar The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa. The exchange rate of this currency to the dollar, 1 US dollar is equivalent to 2.45 Tunisian dinars. 3. GHANAIAN CEDIS GHS 1 USD To 4.55 GHS The West African country, one of the closest neighbor to Nigeria. Ghana, with a growing and well-managed economy, this has earned them the third spot with the Ghanaian cedis has their highest currency in Africa. In addition, many years back, their situation could not even be compared to what is obtainable in Nigeria but as we have it today, some would even argue that they are better developed. Comparing it with the dollar, the currency is strong, it is approximately 4.55 Ghanaian cedis that’s one U.S dollar. 4. Sudanese POUNDS SDG 1 USD To 7.01 SDG Sudanese Pounds The Sudanese Pounds is the currency of Sudan; it is one of the highest currency in Africa. 7.01 Sudanese pounds is equal to one United States dollar. 5. MOROCCAN DIRHAM MAD 1 USD to 9.33 MAD Morocco Dirham This is one of the strongest currencies in Africa, 9.33 Moroccan Dirham is exchanged for one dollar. 6. BOTSWANA PULA BWP 1 USD to 9.88 BWP A Botswana Pula It is the currency of Botswana and has for some time now been a strong currency on the continent. 9.88 Botswana Pula is exchanged for one dollar. 7. SOUTH AFRICAN RAND ZAR 1 USD To 12.39 ZAR The South African Rand is the currency of South Africa. This should have been up to the ladder but the currency is gradually losing it value. Against the dollar, 12.39 South African Rand equals one dollar. 8. EGYPTIAN POUNDS EGP 1 USD To 17.71 EGP Its exchange rate to the United States dollar is 17.71 Egyptian pounds to 1 USD. 9. ERITREAN NAKFA ERN 1 USD To 15.10 ERN The Eritrean Nakfa is the currency of Eritrea, an island country of Africa. Former Edo State Governor Adams Oshiomhole's wife is from here. The exchange rate of this currency to the dollar is 15.10 Eritrean Nakfa equals one USD. 10. ZAMBIAN KWACHA ZMW 1 USD To 9.75 ZMW Zambian Kwacha, a currency of Zambia is also one of the highest currency in Africa. Ironically, the 1 USD = 9.75 Zambian kwacha. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚠️Our Social Media: ► Facebook: https://goo.gl/e6VnIE ► Twitter: https://goo.gl/7tT156 ► patreon: https://goo.gl/FfHYN3 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⬇Music Used in This Video: ►https://goo.gl/TIXONx ►https://goo.gl/tQ2HCf ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⛔ Not all of these images, music & video clips were created/owned by us. This video is purely fan-made, if you (owners) want to remove this video, please CONTACT US DIRECTLY before doing anything. We will respectfully remove it. E-mail: [email protected] No drama at all. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⬇For Ads Placement & Sponsorship, email us: [email protected] Hirwa10™ Thanks for watching! ❤
Views: 4659 Hirwa 10
UAE locals cash in on favourable exchange rate
We've heard a lot about the doom and gloom associated with Brexit over the past week. But in the Middle East, some people have been cashing in on favorable exchange rates.
Views: 846 CGTN Africa
egypt currency
egypt currency Watch my video egypt currency and learn about the Egypt's currency and how to convert Egyptian Pound (EGP) currency to Indian Rupee (INR) currency and American Dollar (USD) currency. Convert USD to EGP Currency: United States Dollar (USD), Country: United States of America, Region: North America, Currency: Egyptian Pound (EGP) Convert EGP to INR Currency: Egyptian Pound (EGP), Country: Egypt, Region: Africa, Currency: Indian Rupee (INR), Country: India, Region: Asia The Egyptian pound (Arabic: جنيه مصرى‎ Genēh Maṣri Egyptian Arabic pronunciation: [ɡeˈneː(h) ˈmɑsˤɾi] or in Alexandrian accent: Geni Maṣri [ˈɡeni ˈmɑsˤɾi]) (sign: E£ or ج.م; code: EGP) is the currency of Egypt. It is divided into 100 piastres, or ersh (قرش [ʔeɾʃ]; plural قروش [ʔʊˈɾuːʃ]; Turkish: Kuruş[2]), or 1,000 millimes (Arabic: مليم‎ [mælˈliːm]; French: Millime). egypt currency Contact: Christos Pittis website: www.christospittis.com https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
Views: 3226 Entrepreneurship pdf
Egypt central bank will retain 'total independence:' newly-appointed chief
Egypt's newly-appointed central bank governor Hisham Ramez says the bank would retain 'total independence' under his leadership and that his priority is to promote transparency. "Central bank independence is essential. But this does not mean we work in isolation, there will be cooperation between us and the government because we share the same goal which is growing the economy and fulfilling the national interests," Ramez said. Ramez told Al Arabiya he wanted the central bank to be more transparent and improve communication with investors: "the priority for the central bank is transparency; we will do our best to be more transparent so that people are aware of what we are doing so we can manage expectations and the picture is clear to investors." Ramez said the bank is not targeting a specific price for the Egyptian pound but seeks to have an 'orderly' currency market where prices are driven by the market forces of supply and demand. "We do not have a certain dollar level we are targeting, our goal is to have an orderly market and Egypt in all its different stages, over the past 8 years we reached where we are today, we succeeded in solving our problems during the global financial crisis and the early days after the revolution," Ramez said. "We are very confident that the market will become orderly and balance very soon," he added. The newly-appointed central bank governor will officially take over on February 3rd. Ramez said he believes there will be 'stability very soon in the exchange rate'. "We have started seeing positive signs, there are many retail investors who have started selling the dollar, just like some people were buying the dollar, now the system is a 'two way street' there is selling and buying, supply and demand. I expect that we will reach stability in the exchange rate; I don't want to give a specific timing," Ramez said. The central bank plans to launch to buy and sell the dollar based on the market activity. "The auctions we are conducting to sell the dollar, I expect that in a short period of time we will also have auctions to buy the dollar excess from other banks, this is likely and we will see stability in the exchange rate," said Ramez.
купюра 1 one pound CENTRAL BANK of Egypt / банкнота 1 фунт Египет Бонистика бумажные деньги
one pound CENTRAL BANK of Egypt 1 египетский фунт, устар. лира или ливр, гинея (араб. الجنيه المصرى‎ — al-Gunayh al-Miṣrī, масри el-Genēh el-Maṣri) — денежная единица Египта. Один египетский фунт равен 100 пиастрам (араб. قرش‎ — qirsh, англ. piastre). Международное обозначение: EGP. На египетских ценниках чаще встречается иное сокращенное название фунта — L.E. (от франц. — Livre égyptienne). В денежном обращении находятся банкноты номиналом в 25 и 50 пиастров, 1, 5, 10, 20, 50, 100 и 200 фунтов; монеты в 25, 50 пиастров и 1 фунт. Банкноты в 25 и 50 пиастров, а также в 1 фунт фактически вышли из обращения, так же, как ранее вышли из обращения банкноты в 5 и 10 пиастров. На всех банкнотах изображены те или иные мечети Египта, как упоминание о том, что Египет — мусульманская страна. Цифры изображаются как в традиционном международном, так и в арабском написании Бонистика водяной знак погребальная маска Тутанхамона Читайте наш БЛОГ «Мир коллекционера» http://coinsrussia.blogspot.com/ ♥♥ Спасибо за Like и за ПОДПИСКУ на наш канал ♥♥ www.youtube.com/channel/UCFF4pt_sZdME9LFj8W1_IZw Присоединяйтесь к нам в соцсетях! ВКонтакте: http://vk.com/club46258584 Facebook: http://www.facebook.com/groups/154334... Google+: google.com/+YarkoCoinsWORLD ТВИТТЕР http://twitter.com/yarkoWorldCoins The Egyptian pound (Egyptian Arabic: جنيه مصرى‎ Genēh Maṣri [ɡeˈneː(h) ˈmɑsˤɾi]; sign: E£, ج.م; code: EGP) is the currency of Egypt. It is divided into 100 piastres, or ersh (Egyptian Arabic: قرش‎ [ʔeɾʃ]; plural قروش [ʔʊˈɾuːʃ]),[1] or 1,000 millimes (Egyptian Arabic: مليم‎ [mælˈliːm]; French: millime). The Egyptian pound is frequently abbreviated as LE or L.E., which stands for livre égyptienne (French for Egyptian pound). E£ and £E are commonly used on the internet. The name Genēh [ɡeˈneː(h)] is derived from the Guinea coin, which had almost the same value of 100 piastres at the end of the 19th century. In 1834, a khedival decree was issued, adopting an Egyptian currency based on a bimetallic standard (gold and silver) on the basis of the Maria Theresa thaler, a popular trade coin in the region.[3] The Egyptian pound, known as the geneih, was introduced, replacing the Egyptian piastre (ersh) as the chief unit of currency. The piastre continued to circulate as ​1⁄100 of a pound, with the piastre subdivided into 40 para. In 1885, the para ceased to be issued, and the piastre was divided into tenths (عشر القرش 'oshr el-ersh). These tenths were renamed milliemes (malleem) in 1916. The legal exchange rates were fixed by force of law for important foreign currencies which became acceptable in the settlement of internal transactions. Eventually this led to Egypt using a de facto gold standard between 1885 and 1914, with E£1 = 7.4375 grams pure gold. At the outbreak of World War I, the Egyptian pound was pegged to the British pound sterling at EG£0.975 per GB£1. Egypt remained part of the Sterling Area until 1962, when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of EG£1 = US$2.3. This peg was changed to 1 pound = 2.55555 dollars in 1973 when the dollar was devalued. The pound was itself devalued in 1978 to a peg of 1 pound = 1.42857 dollars (1 dollar = 0.7 pound). The pound floated in 1989. However, until 2001, the float was tightly managed by the Central Bank of Egypt and foreign exchange controls were in effect. The Central Bank of Egypt voted to end the managed-float regime and allowed the pound to float freely on 3 November 2016;[4] the bank also announced an end to foreign exchange controls that day.[5] The official rate fell twofold. The Egyptian pound was also used in Anglo-Egyptian Sudan between 1899 and 1956, and Cyrenaica when it was under British occupation and later an independent emirate between 1942 and 1951. The National Bank of Egypt issued banknotes for the first time on 3 April 1899. The Central Bank of Egypt and the National Bank of Egypt were unified into the Central Bank of Egypt in 1961 ссылка на видео one pound CENTRAL BANK of Egypt / банкнота 1 фунт Египет https://www.youtube.com/watch?v=w5gS3xd3QRwv=w5gS3xd3QRw
Views: 1590 Yarko Coins
Egyptian Central Bank raises Interest rates to tame Inflation
Egypt's Central Bank, has officially raised, benchmark interest-rates. This in a bid to hold down inflation just two weeks, after the government, slashed subsidies, on fuel and electricity. The Central Bank raised the overnight deposit-rate, to 9.25 percent and the lending-rate to 10.25 percent. According to the bank, the hike is necessary, to be able to tame-inflation in order to limit a generalized price increase of goods.
Views: 174 CGTN Africa
Egypt's Central Bank governor hints at possibility of currency devaluation
Two weeks after Nigeria's governement intentionally let the naira weaken, Egypt's central bank Governor Tarek Amer is talking up the merits of a cheaper pound. He's already led the currency to its biggest devaluation in 13 years.
Views: 202 CGTN Africa
Best & Worst Places to Exchange Foreign Currency on Vacation
Ever wonder where you should exchange your dollars or Euros, money, when you travel? Well here are a few tips on the best and worst places to exchange your currency while you are traveling. Filmed in Kilkenney, Ireland Copyright Mark Wolters 2017 USA Today & 10Best's #1 Independent Travel Videographer 2014 FlipKey by TripAdvisor Top 10 Travel Bloggers 2014 Our Equipment Sony Alpha a6000 Digital Camera. Great for Capturing Amazing Photos and HD Video. http://amzn.to/2bBMnWg GoPro Hero4: Digital Camera for On The Go Fun in 4K http://amzn.to/2cbYkz4 SanDisk Extreme Pro 64 GB - SD Disk: For Saving All The Video Footage Without Having to Switch Chips http://amzn.to/2bSjCE3 Video Editing Software: Sony Movie Studio 13 - Fast, Easy & Affordable to Make Great Videos at a Great Price http://amzn.to/2bBjhrF Tripod - Manfrotto Compact Travel Tripod - The Size to Travel, but the Sturdiness of a Professional Tripod http://amzn.to/2bRSVAV For More Travel Gear & Accessories Visit Our Amazon Travel Gear Shop http://astore.amazon.com/woltworl02-20 Find More Videos At: http://www.woltersworld.com Subscribe to Wolters World on YouTube! http://www.youtube.com/woltersworld Follow Us At http://www.facebook.com/woltersworld http://www.twitter.com/woltersworld http://www.instagram.com/woltersworld
Views: 22040 Wolters World
Egypt's Central Bank lifts limits on foreign exchange transfers
Egypt's central bank has lifted limits on foreign-exchange transfers, indicating that a dollar shortage that hampered economic activity is abating. The announcement allows banks to push through transactions that were capped at $100,000 shortly after the 2011 uprising. The crunch eased after the central bank floated the pound in November and Egypt secured a $12 billion International Monetary Fund loan that helped attract foreign investors. Reserves rose 9% in May from the previous month to $31.1 billion, the highest level since February 2011. The central bank had already allowed commercial lenders to repatriate dividends and eased restrictions on the use of debit and credit cards abroad. Since the float, the pound weakened by about half against the dollar, causing inflation to spike to the highest level in decades. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 255 CGTN Africa
How To Use EGP Now Mobile Application
"EGP Now" App will help you to get the latest exchange rate of the Egyptian pound regarding the prices of different currencies, for example: US Dollar (USD $), Euro (€ EUR), British Pound (£ GBP), UAE Dirhams (AED), Saudi Riyal (SAR), Kuwaiti Dinar (KWD), Qatari Riyal (QAR), Jordanian Dinar (JOD), Bahraini Dinar (BHD) and Omani Riyal (OMR) ... It is based on the actual updated trading rates in different banks working in the Egyptian banking sector, it includes: Central Bank of Egypt, National Bank of Egypt, Banque Misr, Banque du Caire, Bank of Alexandria, Faisal Islamic Bank, Commercial International Bank (CIB), Suez Canal Bank, Housing and Development Bank, Egyptian Gulf Bank, Credit Agricole Egypt (Credit Agricole), Banque Misr Iran Development , BLOM Bank Egypt, Arab African international Bank (AAIB), development and agricultural credit Bank, Al Baraka Bank, Abu Dhabi Islamic Bank (ADIB), Ahli Bank of Kuwait (Piraeus Bank), Qatar National Bank Al Ahli ( QNB) and HSBC... Also you can:- * Sort exchange rates by the bank’s name, Sell or Buy rate. * Get historic exchange rate for a specific date. * Currency converter. * Push Notification. * Quickly share app with your friends. * Exchange rate trend indicators (up or down colorful arrow) * Updated Gold prices in Egypt, * Bank Details and contact information, * Bank’s Branches Locator, * Bank’s Branches near GPS Location. Available free on the App Store: https://itunes.apple.com/eg/app/egp-now-aljnyh-alan/id1176496587?mt=8 Available free on the Google Play: https://play.google.com/store/apps/details?id=net.ITRoots.EGPNow For support, please contact ITRoots support team: [email protected]
Inside Story - Can Egypt's decision to devalue currency help boost its economy?
Egypt's Central Bank governor says it's a turning point in the country's economy. Devaluing its currency is one of the requirements laid out by the IMF, in order for Cairo to receive a 12 billion dollar loan. The cash-strapped government has also raised fuel prices, and plans to cut back on subsidies for consumer goods. The IMF says allowing the Egyptian pound to trade freely will attract foreign investors. But for many people it's a bitter pill to swallow. Inflation and unemployment are already high, and there are fears that the currency devaluation will cause the price of food and services to soar. The UN says more than a quarter of Egypt's population lives below the poverty line. Frustration about the rising cost of living has prompted calls for demonstrations to protest against the government's handling of the economy. Will the currency devaluation and other controversial financial reforms help the ailing economy? - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 11664 Al Jazeera English
Central banks focus, Egypt devalues | FT Market Minute
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Katie Martin, deputy editor of fastFT, tells us what’s catching her eye in the markets today, including expectations about a string of central bank decisions this week, eurozone bond prices picking up and Egypt’s devaluation of its currency. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 508 Financial Times
Egypt's Central Bank leaves key interest rates unchanged
Egypt's central bank has kept its key interest rates unchanged at a meeting of its Monetary Policy Committee. The overnight deposit rate remains at 14.75 percent and the overnight lending rate at 15.75 percent. A Reuters poll earlier in the week showed that the rates would remain constant until the impact of last month's hike in borrowing costs on inflation becomes clearer. Egypt's central bank ditched its foreign exchange peg of 8.8 pounds per dollar and hiked interest rates by 300 basis points to help stabilise the newly floated currency. The pound has since weakened to around 19 per dollar
Views: 121 CGTN Africa
Egypt's pound strengthens as demand for dollars by importers eases
Egypt pound has strengthened slightly at banks as demand for dollars slightly goes down. A dollar was being exchanged for around 18 pounds down from around 19 a week ago at most banks. This also saw banks paying clients around 17.8 per dollar. Most banks have been raising prices to attract dollar inflow due to a low dollar request from many clients, but the demand increased since the past one week. While banks are prioritizing imports of essential goods, private individuals are forced to bu… READ MORE : http://www.africanews.com/2017/01/09/egypt-s-pound-strengthens-as-demand-for-dollars-by-importers-eases Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 316 africanews
Egypt Central bank raises key interest rates by 200 basis points
Egypt's central bank has raised its key interest rates by 200 basis points, confounding expectations of economists who did not expect any change. The bank hiked its overnight deposit rate to 16% from 14% at a meeting of its Monetary Policy Committee over the weekend. This was the bank's first increase in rates since it aggressively hiked them by 300 basis points in November. Inflation has soared to a three-decade high since the country floated its currency with annual urban inflation reaching 31.5 % in April. The IMF has said that lowering inflation is key to keeping Egypt's economic reform programme on track. As early as last week, the lender said that raising key interest rates could be an appropriate tool to rein in inflation. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 238 CGTN Africa
Egypt will allow its currency to float freely
Egypt will float its currency in a move that is expected to see it fall by almost 50% against the dollar. The price is expected to see one US dollar buying 13 Egyptian pounds, up from the nine Egyptian pounds the central bank was trying to keep it at. The country's central bank said the move was one of a list of reforms designed to strengthen confidence in the economy. Egypt's main stock index jumped by more than 8% on Thursday. The central bank has also increased interest rates by 3 percentage points to 14.75%. The move is a key requirement of the International Monetary Fund (IMF), from which Egypt is asking for a $12bn loan over three years. Hardship Although the liberalisation should help the country to strengthen its economy, it will make life harder for Egyptians and the cost of all imported goods will rise sharply. Another reform it is facing is reducing or removing altogether state subsidies on fuel to meet IMF conditions. It has already cut subsidies on household electricity and increased the price of sugar by 40% for some Egyptians. Egypt imports about a third of its sugar needs but a shortage of hard currency has meant traders have struggled to buy from outside the country. The military has been told to distribute a one-off package of basic food items, including sugar, at half price, to cushion the effect among the poorest. Egypt has struggled to attract foreign investment since the political turmoil in 2011 during the so-called Arab Spring that saw former president Hosni Mubarak overthrown. The change of regime dented tourism numbers, one of Egypt's most important foreign currency earners, and prompted a general fall in international investor confidence. The decline in hard currency income was exacerbated by the central bank's efforts to prop up Egypt's own currency. It was trying to hold it at the official rate of 8.88 Egyptian pounds, although on the black market dealers could buy far more Egyptian pounds. Value The bank said in a statement it had moved to a "liberalised exchange rate... to create an environment for a reliable and sustainable supply of foreign currency". A central bank auction of dollars will be held later on Thursday, allowing supply and demand to determine the value of the pound for the first time in decades. Banks will be allowed to open their branches until 9pm and over the weekend to allow more transactions. Egypt's economy is the second largest in the Arab world, after Saudi Arabia.
Views: 474 USA Breaking NEWS
Egypt's Central Bank cuts main interest rates to 17.75%
The Egyptian Central Bank cut its main interest rates by a percentage point each. This is the first time the bank has lowered them since floating the currency in 2016. Economists have welcomed the move and said they expect another cut in March. Since it allowed the pound to float freely in foreign exchange markets in November 2016, the bank has raised overnight rates by 700 basis points to combat soaring inflation. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 295 CGTN Africa
Stock markets open as Egypt's currency falls to a new low
1. Wide exterior of Egyptian stock market building 2. Close of sign reading (Arabic) "Egyptian Stock Market" 3. Wide of dealing room at stock market 4. Close of electronic board showing price of different stocks 5. Mid of group of dealers working at their desks 6. Close of woman working on her computer 7. SOUNDBITE (Arabic) Mansour Abedl Hady, Trader: "At the start of the new year, in the first half-hour of trading, the amount in circulation passed 100 (m) million and the main index rose around 1.5 percent. Almost all stocks are seeing a noticeable rise in value" 8. SOUNDBITE: (Arabic) Naglaa Farrag, Trader: "There is an increase in demand on bonds in dollars even though this reflects the poor economy, but it is a good thing for the stock market because it attracts foreign investors." 9. Exterior of currency exchange shop 10. Wide of people in shop 11. Mid of workers in shop counting money 12. Close of machine counting money 13. Close of bundles of Egyptian pounds 14. Mid of board showing various currency prices 15. Close of price of dollar, euro, sterling and Canadian dollar 16. SOUNDBITE (Arabic) Sabry Mohamed, Manager of currency exchange shop: "The demand on the dollar is greater than the supply. For example, if one person comes in to sell 200 dollars, there are three others who each want to buy 200 dollars, so I have to split the 200 dollars between the three of them." 17. Exterior of Egyptian central bank 18. Close of sign reading (Arabic): "Central Bank of Egypt" 19. SOUNDBITE (Arabic) Vox pop, Saleh El Derbashy, Cairo resident: "We are in the era of the dollar. If the dollar is available, it means stability. If the dollar is not available, it brings instability." 20. Exterior of Bank of Egypt 21. Close of sign reading (Arabic) "Bank of Egypt" 22. Various of woman withdrawing money from cash machine STORYLINE: Shares rose about 1.5 percent on the Egyptian stock market on Wednesday, days after the Egyptian pound fell to a record low against the US dollar. The pound has plunged against the dollar on the first two days of trading under a new system, leading the president to try to assure a worried public that the crisis atmosphere will end soon. "At the start of the new year, in the first half-hour of trading, the amount in circulation passed 100 (m) million and the main index rose around 1.5 percent," trader Mansour Abedl Hady told the Associated Press. "Almost all stocks are seeing a noticeable rise in value." "There is an increase in demand on bonds in dollars even though this reflects the poor economy, but it is a good thing for the stock market because it attracts foreign investors," said fellow trader Naglaa Farrag. The Egyptian pound slid nearly 1 percent on Monday from the previous day, bringing the exchange rate at banks to 6.42 pounds to the dollar. It marked a cumulative loss of nearly 4 percent this week, after Egypt's central bank took steps in what bankers believe is an attempt to control the devaluation of the currency. In an effort to instil confidence among people who have been rushing to sell Egyptian pounds for dollars, President Mohammed Morsi said on Monday that the pound's fall "does not worry or scare us, and matters will balance out within a matter of days". His remarks to Arab journalists, carried by the official news agency MENA, came as Egypt grapples with a crippling deficit that the planning minister has said is likely to reach 200 (b) billion Egyptian pounds (31.5 (b) billion US dollars) by mid-2013. In Cairo on Wednesday, however, the manager of one currency-exchange bureau, said that demand for US dollars remains greater than the supply. Under the auction, banks bid for dollars and know how much the central bank is selling that day. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/de9cc47b090c959978fcaedd88dbf54b Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 311 AP Archive
Largest banks in Egypt: AlexBank
Marcopolis.net Video Interview with Roberto Vercelli, Managing Director & CEO of AlexBank. "The Bank of Alexandria is the third largest bank in the private sector. We have 180 branches all over the country, in every governorate and so we have a very strong presence all over Egypt." To read the full transcript of the MarcoPolis interview with Roberto Vercelli, Managing Director & CEO of AlexBank, visit Marcopolis.net http://www.marcopolis.net/alexbank-becoming-the-best-bank-in-egypt-for-smes.htm
Views: 444 Marcopolis Net
Currency Exchange Rate Comparisons - Philippines
Get Vietnam Visa Online.. http://bit.ly/vietnam-visa-online iSteady Pro Info Page.. https://amzn.to/2rGonqW My Facebook.. https://www.facebook.com/reekay.lifebeyondthesea AirBnb Rental Listings.. http://bit.ly/airbnb-reekay GoPro Hero7 Info Page.. https://amzn.to/2S4QETz Gimbal For Smartphone.. https://amzn.to/2ULnZEK Loctote Bags.. http://bit.ly/reekayloctotebag PH Bachelor's video series; http://www.philippinesbachelor.com Private Consult w/Reekay.. http://bit.ly/reekayfacetimeconsult My MP3 Audio-Series.. http://bit.ly/ReekaysTravelMP3s Need A Fiancee' Visa? http://www.filipina-expat-visa4you.com My Story: In 2011, I did a lot of thinking about what I wanted to truly do the rest of my life. I've never been a "travel person" up until that point. I'd only been to border towns along northern Mexico for short vacations and visits. But then in California, I met a wonderful Filipina who jump-started my interest in the Philippines. So by 2012, I was on a plane to explore the Philippines for 6 years and now have relocated to Vietnam to see the country and people. My plans are to continue seeing more of SouthEast Asia and eventually settle down 'somewhere'. Maybe. :) Follow me on my journey as I share tips on how to travel safely, the places I visit and observations on a variety of cultures. I hope you'll find it both entertaining and informative. Feel free to make use of or share the links above as they help to support this channel. Thanks. :) -- Reekay http://www.lifebeyondthesea.com http://www.seetheph.com
Saudi Riyal Exchange rate Pakistan India Currency Rate Enjaz Bank Monygarm Today
Subscribe Us on YouTube Like share Thanks for watching
Views: 4074 Tech Malik
Egypt issues diaspora dollar bonds to fix forex deficit
Egypt has announced plans to issue dollar bond certificates to its citizens living in the diaspora. The bonds will be issued online or through overseas branches of the country's state owned banks; the National Bank of Egypt, Banque du Caire and Misr bank. The government is trying to attract dollars into Egypt to help overcome it currency crisis.
Views: 235 CGTN Africa
Egyptian pound weakens to record lows vs dollar on balck market
The Egyptian pound fell to an unprecedented low on the black market on Monday, as hard currency demand rises in the dollar-starved economy. The Egyptian unit traded at 10 pounds per dollar compared to around 9.8 pounds last week. The country is still suffering a foreign currency shortage despite government decisions to devalue the pound and raising caps for dollar deposits and withdrawals. The situation has led the country's second largest bank, Banque Misr, to approach foreign financial institutions for a 300 million euro syndicated loan to shore up its reserves. Egypt's three state banks, Banque Misr, the National Bank of Egypt, and Banque du Caire began offering dollar denominated certificates of deposits with attractive yields to Egyptians living abroad to increase their dollar resources.
Views: 850 CGTN Africa
All Banknotes of Egyptian pound - 50 Piastres to 200 Pounds - 1994 to 2014 Issue in HD
Here in this video you can see all Banknotes of Egyptian pound - 50 Piastres to 200 Pounds - 1994 to 2014 Issue in HD. I have filmed many different videos of coins and banknotes. On my YouTube-Channel you can see this and many more things. Feel free to visit: https://www.youtube.com/user/MKROXTON
Views: 2945 MKROXTON
China and Egypt central banks sign 18 billion yuan, three-year currency swap deal
China and Egypt have concluded an 18 billion yuan three-year bilateral currency swap deal. Importers and economists say the move will facilitate trade and improve foreign currency liquidity in cash-strapped Egypt. Egypt's central bank says the deal with the People's Bank of China could be extended by mutual consent. China has carried out swaps with more than 30 central banks around the world to increase the use of the yuan as a global reserve currency, and to stimulate bilateral trade. The yuan is traded onshore against 16 major currencies. Egyptian importers say the deal with China will allow them to source yuan directly, facilitating imports from China while reducing demand for dollars and easing pressure on the Egyptian pound.
Views: 668 CGTN Africa
Egypt’s Monetary Policy Committee raises benchmark interest rate by 0.5%
Egypt’s Monetary Policy Committee has raised its policy rate by 50 basis points, just a week after it shocked markets by leaving the very same rates, unchanged. Citing inflationary pressure, the Monetary Policy Committee raised the overnight deposit rate to 9.25% and the overnight lending rate to 10.25%. Urban consumer inflation rose to 11.1% at the end of November - the highest level in five months. This surprise rate hike is the first under the new Central Bank Governor Tarek Amer, who has led a drive to indirectly support the Egyptian pound and supply banks with dollar liquidity to cover imports despite dwindling foreign reserves.
Views: 121 CGTN Africa
Egypt Central Bank governor resigns
Egyptian Central Bank governor Hesham Ramez has resigned from his post...deciding not to seek another term in office. Mr Ramez has been praised for navigating the Egyptian economy through recent political instability. As Yasser Hakim reports, his successor, Tarek Amer also takes over at a challenging time..with the nation's currency experiencing significant deflation
Views: 176 CGTN Africa
Egyptian Currency Clampdown Clobbers Small Business
Egypt has become the victim of its own success in clamping down on the black market for foreign currency. A central bank decision to limit deposits of dollars made into bank accounts has created winners and losers within a country that suffers from a fundamental shortage of foreign currency following four years of political upheaval. The winner is the central bank itself, which capped hard currency bank deposits in February at $10,000 a day, up to a maximum of $50,000 a month. Since then it has largely succeeded in drying up the black market by depriving those who exchange large amounts of dollars outside official channels of a place to keep their funds. The loser is the army of small and medium-sized manufacturers outside the priority areas of food and energy, who have been starved of dollars they need to import raw materials and machinery. This has contributed to a dive in output from a sector that the government itself says is vital for achieving long-term economic growth. One businessmen to suffer is wood importer Abdel Khalek Mohamed, who has long been unable to get dollars from the official banking system. Now he doesn't have free access either to the black market, where he used to buy foreign currency. "I'm only importing about 50 percent of my needs," said Mohamed. Dollar shortages are crippling many businesses in Mohamed's hometown of Damietta, a furniture manufacturing center near the Mediterranean coast. Some furniture shops there have already closed down. February's move stabilized the Egyptian pound after a sharp drop, and central bank Governor Hisham Ramez proclaimed then that the black market "will end soon." The central bank let the pound weaken again in July but has yet to eliminate the gap between the official and unofficial markets. On Tuesday, it sold dollars to banks at a cutoff rate of 7.7301 pounds per dollar, whereas at exchange offices, the rate was around 8.05. President Abdel Fattah al-Sisi has promised to rebuild an economy shattered by instability since an uprising toppled autocrat Hosni Mubarak in 2011. The International Monetary Fund has praised structural and monetary reforms. However, the currency campaign designed to boost foreign investment and generate growth gets mixed reviews from economists because of the heavy price paid by some. "You did achieve stability in the exchange rate but you've created shortages and bottlenecks — and definitely over time if it continues, this is going to be harmful to Egypt," said Ahmed Kamaly, an economist at the American University in Cairo. Under Sisi, a number of state economic initiatives have run into trouble, and some experts believe that the anti-black-market policy cannot last. "It's not sustainable. The central bank has so far prioritized combating the black market. It is a temporary pain to cure a long-term illness," said CI Capital head economist Hany Farahat. Before the 2011 uprising, the economy grew about 7 percent annually for several years. The rate reached 3.0 percent in the quarter ending this March, compared with 2.5 percent in the same period a year earlier, official figures showed. The 2015-16 budget projects growth of 5 percent. No dollars Although the spread between the official and black market rates has widened in recent weeks, currency traders say dollar liquidity outside the banking system remains low. Caught between the formal banking system — which prioritizes hard currency for imports of strategic items such as food and energy — and the depleted black market, are all the businesses struggling to import, slowing the country's growth. Manufacturing output contracted almost 30 percent in June compared with the same period last year. "Egypt has all the ingredients in place to build itself as a manufacturing hub, but it seems in the near term or at present that things aren't going in its favor with currency restrictions," said economist Jason Tuvey of Capital Economics. Economists say there is simply not enough foreign currency flowing into Egypt. This is unlikely to change while tourism — a pillar of the economy hit by attacks staged by Islamist militants — remains weak and Egypt pays $700 million to $1 billion per month for energy imports. "The problem won't be resolved until you fix the energy deficit," said Allen Sandeep, head of research at NAEEM Brokerage. Egypt paid $600 million in arrears to foreign oil companies in August but still owes them $2.9 billion, the petroleum minister told Reuters on Wednesday. Businesses improvise Another businessman to suffer is book printer Sami Khangy. "There is no paper in Egypt anymore," said Khangy over the roar of his German-made Heidelberg printing presses, which once churned out 15 million books a year. Stocks of imported paper have fallen so low that schoolbooks may be delayed this fall, said Khangy.
Views: 84 CampDavid
Saudi riyal exchange rate today|29 August 2018|Today Riyal exchange rate
Saudi riyal exchange rate today, today riyal exchange rate.
Views: 359 News Tech Tv
How to get Russia visa - http://www.touristhelpline.com/how-i-got-russian-tourist-visa/ SUBSCRIBE - https://goo.gl/dEtSMJ (‘MountainTrekker’) Previous video - https://youtu.be/8yD8ENUDe1A Next video - https://youtu.be/ZD12D7VRN0o This is the first day of my Russian trip. I am in Omsk. In this video, you can see how to get a tourist sim in Russia. Also, you will come to know how to get Russian Ruble. Instead of using a money exchanger I used an ATM which had its services available in English. Surprisingly, I got an excellent exchange rate by using the ATM. I have shared the ATM's receipt and the SMS I got from my Indian bank in the video. I don't know this happened because of the Indian bank or it was a special feature of the Russian bank which owns the ATM. I can recommend this bank's ATM to every traveller as it gives a better exchange rate. In this video, there is a query about a free offer provided by the mobile operator. Watch it and reply in the comments section. If you have any other query feel free to ask at - www.facebook.com/groups/touristhelpline (It may not be possible for me to answer each and every query here, but other group members, travellers, and travel experts can help you) Other travel series - # THAILAND playlist - https://goo.gl/dOUJck # EUROPE Playlist - https://goo.gl/Tlx9mJ # BANGLADESH playlist - https://goo.gl/uw1y1v # SPITI (India) playlist - https://goo.gl/xqvvQ6 # MALAYSIA playlist - https://goo.gl/2a3doK # RUSSIA playlist - https://goo.gl/BB54T4 PLEASE SHARE THE VIDEOS AND LET OTHERS GET INFORMED ABOUT THIS CHANNEL My blog: www.touristhelpline.com INSTAGRAM.com/varunvagish FACEBOOK.com/page.mountaintrekker TWITTER.com/mttrekkerindia Subtitles Credit : ZARA SNA
foreign currency exchange machine
you can choose the currency type that you have and want to insert, and get the cash you want, easy to operate contact me for more information skype: hunghui-rita whatsapp: +8613410741779
What Currency Does Russia Use 2015?
https://goo.gl/6U6t22 - Subscribe For more Videos ! For more Health Tips | Like | Comment | Share : ▷ CONNECT with us!! #HealthDiaries ► YOUTUBE - https://goo.gl/6U6t22 ► Facebook - https://goo.gl/uTP7zG ► Twitter - https://twitter.com/JuliyaLucy ► G+ Community - https://goo.gl/AfUDpR ► Google + - https://goo.gl/3rcniv ► Visit us - http://healthaware.in/ ► Blogger - https://juliyalucy.blogspot.in/ Watch for more Health Videos: ► How To Avoid Unwanted Pregnancy Naturally: https://goo.gl/hRy93e ► Period Hacks || How To Stop Your Periods Early: https://goo.gl/dSmFgi ► Cold and Flu Home Remedies: https://goo.gl/biPp8b ► Homemade Facial Packs: https://goo.gl/NwV5zj ► How To Lose Belly Fat In 7 Days: https://goo.gl/EHN879 ► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY ► Natural Hand Care Tips At Home That Work: https://goo.gl/YF3Exa ► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b ► Natural Face Pack For Instant Glowing Skin: https://goo.gl/gvd5mM ► Get Rid of Stretch Marks Fast & Permanently: https://goo.gl/ZVYvQZ ► Eating Bananas with Black Spots: https://goo.gl/gXuri6 ► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H ► How Garlic Improves Sexual Stamina? https://goo.gl/GNcbYU ► Benefits of using Egg Shells: https://goo.gl/hAUyUS ► Home Remedies to Gain Weight Fast: https://goo.gl/jBVVQh ► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v ► Rapid Relief of Chest Pain (Angina): https://goo.gl/idAFZR ► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh ► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV ► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ ► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b ► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR --------- Today, apart from russia, belarus and transnistria use currencies with the same name feb 1, 2017 only brazilian real performed better than russian currency, which closed 2016 at 3. The fate of the russian ruble about us begingroup. Having said that security & in case of emergency what to do if you lost your card, money, or travelers' cheques russia. Googleusercontent search. All this initially led to the jun 4, 2015 while world's biggest foreign currency gobbling central banks are diversifying away from u. 25 brl per usd a gain of 17. Dollar, when push comes to shove, the dollar is still as good gold. The official exchange rates of foreign currencies against the ruble are set by central bank russian federation without assuming any liability to buy or sell currency at above nov 26, 2014 explainer here's everything you need know about why it has depreciated in value 84 percent this year, what factors influence dollar rate, and been impact falling on domestic economy. The ruble was the currency of russian empire and soviet union (as ruble). It's good to most major high street banks and currency exchange providers in the uk can pre order roubles (russian currency). It is an offence to change money from street traders apr 10, 2015 russia was hit hard by the double whammy of falling oil prices and western sanctions imposed on moscow over its role in crisis ukraine. Despite the usdrub decreased 0. People walk past a display with begin edu fairs are currently run in india, vietnam, russia, kazakhstan, kyrgyzstan, azerbaijan, georgia, and ukraine. Sep 7, 2012 what currency would you suggest they take roubles, dollars or a mixture? Also, is it straightforward to eat out should in their hotel? And adaptors do need for electrical appliances? Roger owen, llandough, penartha there no problem changing us jan 6, 2010 so, won't be able use dollars, euro, any other shop, cafe, pay service provider, unless he ok exchanging on your behalf. Will we be able to use euros, except for russia, or do need different currencies, especially finland, sweden, and denmark? We will have excursions two days in st. New lows for the ruble could put more pressure on russian pricesmay 18, 2015 banks that obtained foreign currency loans repurchased sovereign eurobonds were used as collateral against bank of russia compressing spread 10 year from 480 basis points in mid december 2014 to 170 april. What's the deal with russia egypt currency deal? Currency trading economics. Money russia travel advice gov. Get live exchange rates for russia ruble to united states dollar. Petersburg forum money and currency in streal russia xe convert rub usd. Russia ruble to united states dollarrussia exchange rate february 2017 focuseconomics. Egyptian companies, in absolutely, says minabawy, as long the pound ruble rate is set at a level that ensures russian money goes further egypt than it does moment. 18, 19, 20, 21, 22, 23, 24. Practical advice on money in russia way to guide. Answer 1 of 23 do they
Views: 2 Fredda Winkleman
Egyptian Gulf Bank
VIDEO FINANCIAL REPORTING Why invest in is the first financial video platform where you can easily search through thousands of videos describing global securities. About The Video: We believe that complex financial data could become more approachable using friendly motion-graphic representation combined with an accurate selection of financial data. To guarantee the most effective information prospective we drew inspiration from Benjamin Graham’s book: “The Intelligent Investor”, a pillar of financial philosophy. For this project any kind of suggestion or critic will be helpful in order to develop and provide the best service as we can. Please visit our site www.whyinvestin.com and leave a massage to us. Thank you and hope you'll enjoy. IMPORTANT INFORMATION - DISCLAIMER THIS VIDEO IS FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This video has been prepared by Whyinvestin (together with its affiliates, “Whyinvestin”) and is not intended to be taken by, and should not be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. The performance of the companies discussed on this video is not necessarily indicative of the future performances. Investors should consider the content of this video in conjunction with investment reports, financial statements and other disclosures regarding the valuations and performance of the specific companies discussed herein. DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video constitutes “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. None of Whyinvestin or any of its representatives makes any assurance as to the accuracy of those predictions or forward-looking statements. Whyinvestin expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. EXTERNAL SOURCES. Certain information contained herein has been obtained from third-party sources. Although Whyinvestin believes such sources to be reliable, we make no representation as to its accuracy or completeness. FINANCIAL DATA. Historical companies’ data, ratios, exchange rate, prices and estimates are provided by Factset research www.factset.com . Whyinvestin does not verify any data and disclaims any obligation to do so. Whyinvestin, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. Neither Whyinvestin nor any of our information providers will be liable for any damages relating to your use of the information provided herein. Please consult your broker or financial representative to verify pricing before executing any trade. Whyinvestin cannot guarantee the accuracy of the exchange rates used in the videos. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates. You agree not to copy, modify, reformat, download, store, reproduce, reprocess, transmit or redistribute any data or information found herein or use any such data or information in a commercial enterprise without obtaining prior written consent. Please consult your broker or financial representative to verify pricing before executing any trade. COPYRIGHT “FAIR USE” Whyinvestin doesn’t own any logo different from the whyinvestin’ s logo contained in the video. The owner of the logos is the subject of the video itself (the company); and all the logos are not authorized by, sponsored by, or associated with the trademark owner . Whyinvestin uses exclusive rights held by the copyright owner for Educational purposes and for commentary and criticism as part of a news report or published article. If you are a company, subject of the video and for any reason want to get in contact with Whyinvestin please email: [email protected]
Views: 44 Why Invest In
Egypt In Crisis As Egyptian Pound Is Heavily Devalued - What This Means
Josh Sigurdson talks with author and economic analyst John Sneisen regarding the fall of Egypt's economy as globalist central bankers manipulate the markets and print the Egyptian Pound into oblivion. After Egypt decided to float their currency while the IMF licks their lips at the possibility of a 12 billion dollar loan, the pound has been falling drastically causing immense instability and possibly moving Egypt towards another bloody revolution much like the 2011 Tahrir Square standoff. John Sneisen and Josh Sigurdson break down how this currency manipulation works. Why the IMF wants to come in. What this means in the future and what the people of Egypt and others throughout the world facing the same situation should do to ensure their safety and insurance against the global economic calamity we all face. Don't underestimate the power of debt enslavement. Central bankers and central planners depend on our subservience once we've lost everything. Their agenda is playing out and it's up to the individual to protect themselves and their family. Stay tuned for much more from WAM! Video edited by Josh Sigurdson Featuring: Josh Sigurdson John Thore Stub Sneisen Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here and you may be rewarded! https://www.patreon.com/user?u=2652072 ANARCHAPULCO OFFER: Save 10% on your Anarchapulco tickets by typing in Promo Code "WAM" See the link here: https://anarchapulco.com/buy-your-tickets/ World Alternative Media 2016 "Find the truth, be the change!"