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" Devaluation"

98 results

World - Region
1/25/2023 1:02:28 PM
Hundreds of protesters rallied Wednesday near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency.

Al-Ahram Weekly - Egypt
1/23/2023 9:59:00 AM
A week after the third devaluation of the pound in nine months, what is the outlook for the local currency?

Business - Economy
12/28/2022 3:46:18 PM
The Egyptian pound has lost over 25 percent of its value against the US dollar since March, when the Russia-Ukraine conflict started.

Egypt - Health
12/26/2022 9:23:31 PM
Egypt’s biggest children's cancer hospital 57357 -- which mainly relies on donations -- is fighting for survival as the country braces up to face the consequences of another possible devaluation of the Egyptian pound and fights to reduce the impact of the global economic crisis.

Al-Ahram Weekly - Egypt
12/22/2022 1:47:00 PM
Two devaluations, a new IMF deal, and multi-billion dollars’ worth of asset sales to Gulf investors are some of the features of the economic scene on the year of the war.

Al-Ahram Weekly - Egypt
12/1/2022 8:12:00 PM
The Egyptian stock market has been doing healthy business since October’s devaluation.

Egypt - Politics
11/1/2022 8:21:22 PM
The Senate – Egypt's consultative upper house - approved on Monday legislative amendments to a 2017 law that regulates government compensations paid out to contractors who suffer losses due to IMF-inspired liberalization policies, such as the EGP devaluation, and due to the phasing out of fuel subsidies.

Business - Economy
10/23/2022 3:49:10 PM
Egypt’s Prime Minister Mostafa Madbouly affirmed on Sunday that Egypt prioritises curbing inflation over the issue of exchange rate, stressing that the devaluation of the Egyptian pound does not mean that the economy is in a bad situation.

World - Region
9/28/2022 5:37:08 PM
Lebanon will weaken its official exchange rate for the first time in more than two decades, a central bank official said, as part of efforts to tackle a crippling financial crisis.

Al-Ahram Weekly - Egypt
8/26/2022 5:35:00 PM
With a new governor at the helm of the Central Bank of Egypt, Al-Ahram Weekly examines likely changes to monetary policy.

Al-Ahram Weekly - Egypt
8/23/2022 8:59:00 PM
Tarek Amer’s seven-year tenure heading the Central Bank of Egypt.

Al-Ahram Weekly - Egypt
8/3/2022 12:10:00 PM
Recent rises in US interest rates are driving the dollar higher against other world currencies, including the Egyptian pound.

Egypt - Society
7/8/2022 6:09:00 PM
Each year Egyptians celebrate Eid El-Adha by slaughtering sheep, goats, or cows or buying sizeable amounts of meat. However, the recent global and local price hikes have dipped demand for meat and other commodities.

Al-Ahram Weekly - Features
3/29/2022 11:02:36 PM
Various schemes are at hand to help people celebrate Ramadan as usual this year despite rising inflation and a new devaluation of the pound.

Business - Economy
3/22/2022 2:45:35 PM
Proceeds from certificates of deposit offered by state-owned banks on Monday – the National Bank of Egypt (NBE) and Banque Misr – reached EGP 13 billion in the first day of offering, the two banks announced on Tuesday.

World - Region
12/12/2021 9:55:10 AM
Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring Turkey has slashed the value of his salary by two-thirds.

World - Region
2/24/2021 7:31:57 PM
The government had taken measures try to limit price increases after devaluation, but that the allowances were designed to cushion the impact of any further inflation, said Finance Minister 1

World - Region
12/21/2020 6:04:55 PM
Many of the protesters were elderly, who said the value of their pensions had been cut

World - Region
12/19/2020 9:00:00 PM
Riot police were dispatched outside the central bank headquarters in central Baghdad prior to the announcement in the event news of the devaluation sparked protests

Business - Economy
1/16/2020 3:34:02 PM
The EGP, deemed one of the world’s top performers in 2019, has been steadily rising in gains this month, extending a year-long trend that saw it in late December break through EGP 16 per $1 for the first time since 2017

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