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There were also 65 newspapers published in languages other than Arabic, [1] such as Turkish, French and English. [2] By 1951 Arabic language newspapers numbered to about 400, while 150 were published in other languages. [1] By 2011, daily newspaper circulation in Egypt increased to more than 4.3 million copies. [3]
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound continued with its exchange rate of £E = £1 0s 6d sterling until the beginning of the 1960s.
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The Egyptian central bank slashed its main interest rates by 300 basis points at an unscheduled meeting on Monday, saying it was a "pre-emptive" move to support the economy. Egypt has registered ...
The Egyptian Radio and Television Union (ERTU; Arabic: الهيئة الوطنية للإعلام, romanized: al-Hayʾa l-Waṭaniyya li-l-ʾIʿlām), formely known as Egyptian State Broadcasting (ESU; Arabic: اتحاد الإذاعة والتلفزيون المصري, romanized: Ittiḥād al-ʾIdhāʿa wa-t-Tilifizyōn al-Miṣrī), is the ...
In an online statement late Thursday, the bank’s monetary policy committee said the most basic lending rate, the overnight deposit rate, was increased from 18.25% to 19.75%.
Formulates and implements Egypt's banking policy, monetary policy and credit policy; Issues banknotes; Manages gold and the foreign exchange reserves of the Arab Republic of Egypt; Regulates and manages Egypt's presence in the foreign exchange market; Supervises the national payments system; Manages Egypt's public and private external debt.