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Egyptian pound steady on official market, weakens on black market CAIRO: Egypt's pound held steady at a central bank dollar sale on Monday, with the bank saying it sold $38.4 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Thursday's rate.In the unofficial market, the pound was weaker, trading at 7.44 to the dollar, compared to 7.35 on Thursday.The rate for dollar sales has stayed in a tight range since the beginning of June, after the bank allowed the pound to weaken in May. The central bank offered $40 million on Monday.The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates.Copyright Reuters, 2014 ...

Kenya shilling under pressure again after central bank action NAIROBI: Kenya's shilling weakened on Monday in a quiet start to the week's trading after the central bank intervened to support the currency by selling dollars in the two previous sessions.A downturn in the tourism industry, after a spate of bomb and gun attacks along the coast and in the capital this year, has hurt one of the east African country's major sources of hard currency.At 0752 GMT, the shilling was trading at 88.70/80 to ...
South Africa's rand seen stable in data-dry week JOHANNESBURG: South Africa's rand steadied against the dollar on Monday, with traders and analysts expecting it to drift in a narrow range in a week bereft of market moving data and interrupted by a public holiday on Wednesday.Market nerves were on an even keel after Reserve Bank Governor Gill Marcus announced last week she would not take up a second five year term in office.Most participants were betting that one of her deputies would succeed ...
Kenyan shilling firms after central bank sells dollars for second day NAIROBI: The Kenyan shilling firmed on Friday after the central bank sold an unspecified amount of dollars into the market for the second day in a row, but traders said there was still strong dollar demand.By 0830, commercial banks quoted the shilling at 88.25/89.35 to the dollar, from Thursday's close of 88.95/89.05. "Yes, the central bank has sold dollars for the second day," National Bank of Kenya trader, Ian Kahangara, said. The local currency of ...
Egyptian pound steady on official and black markets CAIRO: Egypt's pound held steady at a central bank dollar sale on Thursday, with the bank saying it sold $38.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Wednesday's rate.In the unofficial market, the pound was trading at 7.35 to the dollar, also unchanged from Wednesday.The rate for dollar sales has stayed in a tight range since the beginning of June, after the bank allowed the pound to weaken in May. ...
Kenyan shilling firms after central bank dollar sale, stocks up NAIROBI: The Kenyan shilling bounced from near three-year lows on Thursday after the Central Bank of Kenya (CBK) sold an unspecified amount of dollars into the foreign exchange market. Stocks inched higher.However, traders said the shilling, which has lost 2.6 percent to the dollar so far this year, remained under pressure from importers seeking dollars and was likely to weaken again in the face of a shortage of hard currency inflows.The shilling closed at 88.90/89.00 ...
Kenyan shilling firms after central bank sells dollars NAIROBI: The Kenyan shilling bounced from near three-year lows on Thursday after the Central Bank of Kenya (CBK) sold an unspecified amount of dollars into the foreign exchange market, traders said.However, traders said the shilling, which has lost 2.6 percent to the dollar so far this year, remained under pressure from importers seeking dollars and was likely to weaken again in the face of a shortage of hard currency inflows.By 1100 GMT, commercial banks quoted ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln