Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies ...Egypt

EGYPT INDEPENDENT - Economy
Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies
source : EGYPT INDEPENDENT ( Egypt ) () 193
The branches of Al-Ahly Exchange, Misr Exchange, and Cairo Exchange, companies affiliated with the three largest government banks, reaped the equivalent of about LE 2.1 billion within nine days, after the Central Bank of Egypt’s decisions, from the proceeds of foreign currency concessions. The chairman of Al-Ahly Exchange company of the National Bank of Egypt, Abdel Meguid Mohie al-Din revealed that the proceeds of concessions on foreign and Arab currencies in favor of the Egyptian pound amounted to LE 1.171 billion, since CBE’s recent decisions. Mohie a-Din said that Thursday’s proceeds amounted to LE238 million, explaining that 65 percent of the total proceeds were a waiver of the US dolla

Hence then, the article about egypt s government exchange companies earn le 2 1 billion from foreign currencies was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Clean Energy’s Dirty Secret Lies in Critical Mineral Extraction

before 10 minute

1.1 billion people live in slums. Can they be housed in dignity?

before 2 hours & 9 minute

Molten Salt Reactors Move Closer to Reality After Breakthrough at U.S. Lab

before 2 hours & 9 minute

Mexico’s Renewable Energy Revival Sparks $4.75 Billion Investment Wave

before 4 hours & 12 minute

Top 10 must-visit beaches in Qatar during this summer

before 4 hours & 26 minute

Head of Lebanese business association: war losses exceed $25 Billion

before 8 hours & 42 minute

A journalist targeted by the Trump administration still feels silenced months after arrest

before 10 hours & 9 minute

Terrell, Burks and Sadik Present AI Legalities and Ethics at Rose-Hulman

before 14 hour & 33 minute

Global conflict pushes geopolitics up the executive curriculum

before 15 hour & 10 minute

China Indicates Tariffs Were Discussed at Trump Summit

before 19 hour & 47 minute

Beijing’s Silence Is Fueling the Hormuz Crisis

before 20 hour & 14 minute

Big Oil Rushes Into Argentina’s Vaca Muerta Shale

before 22 hour & 11 minute

China’s Battery Breakthrough Could Challenge Lithium-Ion Dominance

2026-5-16

World Urban Forum opens in Baku as housing crisis and climate shocks intensify

2026-5-16

Turkey and Armenia Move Closer to Historic Normalization Deal

2026-5-16