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Egyptian pound steady on official market, weaker on black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday, while the domestic currency weakened on the black market.The central bank has now kept the official exchange rate steady for more than a month after letting the pound weaken in an attempt to wipe out black-market trading.The bank said it had offered $40 million at auction and sold $38.4 million at a cut-off price of 7.5301 pounds per dollar , unchanged from its last auction on Thursday.Black-market traders said volumes have fallen dramatically since the central bank allowed the pound to weaken and imposed a cap in February on the amount of dollars that can be deposited in banks.The limit discourages use of the black market because those who exchange dollars outside official channels are deprived of a place to keep their funds.One trader said the dollar was selling ...


Yuan level appropriate, reflects fx supply, demand: China central bank BEIJING: The current level of China's yuan is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.On Friday, the yuan ended its best week since 2007 after a rush of dollar sales over the past few days by major state-owned banks, possibly acting on behalf of the central bank.Lu Lei, head of the research bureau at the ...

Rouble rate will not change much in near future MOSCOW: The Russian rouble should not change much in value in the near future even if the oil price changes, Russian Finance Minister Anton Siluanov was quoted as saying on Saturday."We think that in the near future there will be no serious changes in the (rouble) rate," Siluanov said in an interview with Russian news show Vesti, according to the Interfax news agency."Even if oil prices may slightly deviate from current levels the rouble rate ...

Euro edges up in Asia after Greece reform pledge TOKYO: The euro ticked higher Friday after Greece promised to provide its creditors with a new list of reforms to secure crucial bailout cash and avoid an exit from the eurozone.The single currency bought $1.0685 and 128.98 yen in Tokyo afternoon trade, against $1.0660 and 128.77 yen in New York as Greek Prime Minister Alexis Tsipras said the country's bailout was "back on track".The dollar also eased to 120.71 yen from 120.80 yen in US ...

Euro edges up in Asia after Greece promise TOKYO: The euro ticked higher Friday after Greece promised to provide its creditors with a new list of reforms to secure crucial bailout cash and avoid an exit from the eurozone.The single currency bought $1.0688 and 129.03 yen in Tokyo, against $1.0660 and 128.77 yen in New York as Greek Prime Minister Alexis Tsipras said its bailout was "back on track".The dollar also eased to 120.72 yen from 120.80 yen in US trade but is ...

South Africa's rand surrenders post-Fed gains JOHANNESBURG: South Africa's rand fell sharply on Thursday, surrendering most of the gains made in the previous session when the US Federal Reserve dampened expectations of an imminent interest rate increase. By 1507 GMT the rand had weakened 1.67 percent to 12.2800 , breaching the 12/$ level for the first time in two weeks. The local unit gained as much as 3 percent overnight after the Fed downgraded its views on the US economy and ...

Sterling sharply down vs dollar on BoE chief economist comments LONDON: Sterling fell sharply against the dollar on Thursday after dovish comments by a Bank of England policymaker cast doubt on investor expectations of an interest rate hike early next year. BoE Chief Economist Andy Haldane said the chances of an interest rate rise or cut were evenly balanced and that policy needed to stand ready to move in either direction in order for the bank to meet its 2 percent inflation target. That echoed ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln