-
Egyptian pound plummets to record low amid economic struggles
The International Monetary Fund has approved an $8bn loan to Egypt.
The country's Prime Minister says the deal will help restore economic stability.
The announcement came as the Egyptian pound plummetted to a record low against the US dollar.
Egypt's central bank has hiked interest rates by 600 points.
Devaluation was one of the IMF's key demands for Egypt.
Al Jazeera’s Mohamed Vall reports.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
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Download AJE Mobile App: https://aje.io/AJEMobile
#Egypt #EgyptianPound #IMF #EgyptEconomy #EgyptEconomicCr...
published: 06 Mar 2024
-
Egyptian pound weakens to record lows vs dollar on balck market
The Egyptian pound fell to an unprecedented low on the black market on Monday, as hard currency demand rises in the dollar-starved economy. The Egyptian unit traded at 10 pounds per dollar compared to around 9.8 pounds last week. The country is still suffering a foreign currency shortage despite government decisions to devalue the pound and raising caps for dollar deposits and withdrawals. The situation has led the country's second largest bank, Banque Misr, to approach foreign financial institutions for a 300 million euro syndicated loan to shore up its reserves. Egypt's three state banks, Banque Misr, the National Bank of Egypt, and Banque du Caire began offering dollar denominated certificates of deposits with attractive yields to Egyptians living abroad to increase their dollar resourc...
published: 29 Mar 2016
-
Egyptian Pound in Freefall: IMF Loan the Cause? | Vantage with Palki Sharma
Egyptian Pound in Freefall: IMF Loan the Cause? | Vantage with Palki Sharma
The IMF has agreed to loan Egypt $8 Billion. In exchange, Egypt was forced to stop artificially supporting its currency, the Egyptian pound. The pound's value plummeted to record lows after the decision. Will this shock help end Egypt's economic crisis? Palki Sharma tells you more.
---
Egypt | Pound | IMF | Economic Crisis | Firstpost | World News | Vantage | Palki Sharma
#egypt #pound #imf #egyptianpound #economiccrisis #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of wo...
published: 07 Mar 2024
-
Egyptian Pound gains 15% against the dollar
The Egyptian pound has made a surprise comeback in the last 12 days. It has gained 15% against the dollar, the strongest performance by the pound since it's devaluation last November. Let's take a look.
published: 23 Feb 2017
-
Why Egypt’s Economy is About to Collapse
Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldrglobal/
Sisi, hailed as a solution to Egypt's chaos, now faces economic turmoil with a weakened pound, soaring inflation, and the looming risk of sovereign default. This video explores his rise to power, the economic crisis, and potential outcomes.
🎞 TikTok: https://www.tiktok.com/@tldrnews
🗣 Discord: https://tldrnews.co.uk/discord
💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a comple...
published: 14 Sep 2023
-
Why Egypt's Currency Just Fell 40% in a Single Day
Sign up to Nebula to get the ad-free access to the full Daily Briefing every single day: https://go.nebula.tv/thedailybriefing
Welcome to the TLDR News Daily Briefing
In today’s episode, we run through why Egypt is devaluing its currency again amidst a currency crisis. Also, we discuss China dropping the word ‘peaceful’ from its reunification plans; US ‘Super Tuesday’ election results; & Russian ICC warrants.
💬 Twitter: https://twitter.com/tldrnewsuk
📸 Instagram: http://www.instagram.com/tldrnewsuk
🎞 TikTok: https://www.tiktok.com/@tldrnews
💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
TLDR Store: https://www.tldrnews.co.uk/store
TLDR TeeSpring Store: https://te...
published: 06 Mar 2024
-
Egypt's Economic Crisis: Can it be stopped?
► Subscribe: YouTube.com/uptin
► My YouTube Shorts: YouTube.com/uptins
► Facebook: https://www.facebook.com/uptin
► Instagram: https://www.instagram.com/uptin
Watch some more of my videos!
Inside Egypt's New Capital
https://www.youtube.com/watch?v=tUpQLdoQUhU
This Country is Switching to US Dollar
https://www.youtube.com/watch?v=S5LDwRSuFDQ
published: 18 May 2024
-
Egyptian pound hits record low against US dollar
Decisions in recent months by the country’s Central Bank to raise the main interest rate and devalue the Egyptian pound have set off an economic shock that has affected millions of residents.
READ MORE : https://www.africanews.com/2023/01/12/egyptian-pound-hits-record-low-against-us-dollar
Subscribe on our Youtube channel https://www.youtube.com/c/africanews?sub_confirmation=1 and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
#AfBusiness
published: 12 Jan 2023
-
Egypt faces crisis with a devalued currency
http://www.euronews.com/ Egypt is facing a major credit crisis as its banks hold a national currency which is fast losing its value on international exchange markets.
Since the ousting of the old regime, violent protests, a soaring budget deficit and a starved tourist industry have resulted in a seeping away of confidence in the Egyptian pound.
And it is not only a problem of paying for imports - the Egyptian people are engaged in a daily battle to pay for the basic materials to live with a currency nobody wants.
An owner of a currency exchange centre said:
"Traders import from abroad and this increases the demand for the dollar, importers resort to collecting the dollar from the markets and this reduces the rate of the Egyptian currency."
The government is grappling with the situa...
published: 29 Mar 2013
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Egyptian pound remains weak, investors & traders welcome devaluation
The Egyptian pound remained weak on Monday, its second day of trading in the free market. However, traders and investors in the country have welcomed the devaluation and they are optimistic that the local unit will recover, if investments start to flow back into the North African country. Egypt abandoned the pound's peg of 8.8 to the dollar last Thursday. Yasser Hakim, filed this report.
published: 08 Nov 2016
6:37
Egyptian pound plummets to record low amid economic struggles
The International Monetary Fund has approved an $8bn loan to Egypt.
The country's Prime Minister says the deal will help restore economic stability.
The annou...
The International Monetary Fund has approved an $8bn loan to Egypt.
The country's Prime Minister says the deal will help restore economic stability.
The announcement came as the Egyptian pound plummetted to a record low against the US dollar.
Egypt's central bank has hiked interest rates by 600 points.
Devaluation was one of the IMF's key demands for Egypt.
Al Jazeera’s Mohamed Vall reports.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: https://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.io/AJEMobile
#Egypt #EgyptianPound #IMF #EgyptEconomy #EgyptEconomicCrisis #AlJazeeraEnglish
https://wn.com/Egyptian_Pound_Plummets_To_Record_Low_Amid_Economic_Struggles
The International Monetary Fund has approved an $8bn loan to Egypt.
The country's Prime Minister says the deal will help restore economic stability.
The announcement came as the Egyptian pound plummetted to a record low against the US dollar.
Egypt's central bank has hiked interest rates by 600 points.
Devaluation was one of the IMF's key demands for Egypt.
Al Jazeera’s Mohamed Vall reports.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: https://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.io/AJEMobile
#Egypt #EgyptianPound #IMF #EgyptEconomy #EgyptEconomicCrisis #AlJazeeraEnglish
- published: 06 Mar 2024
- views: 92315
0:56
Egyptian pound weakens to record lows vs dollar on balck market
The Egyptian pound fell to an unprecedented low on the black market on Monday, as hard currency demand rises in the dollar-starved economy. The Egyptian unit tr...
The Egyptian pound fell to an unprecedented low on the black market on Monday, as hard currency demand rises in the dollar-starved economy. The Egyptian unit traded at 10 pounds per dollar compared to around 9.8 pounds last week. The country is still suffering a foreign currency shortage despite government decisions to devalue the pound and raising caps for dollar deposits and withdrawals. The situation has led the country's second largest bank, Banque Misr, to approach foreign financial institutions for a 300 million euro syndicated loan to shore up its reserves. Egypt's three state banks, Banque Misr, the National Bank of Egypt, and Banque du Caire began offering dollar denominated certificates of deposits with attractive yields to Egyptians living abroad to increase their dollar resources.
https://wn.com/Egyptian_Pound_Weakens_To_Record_Lows_Vs_Dollar_On_Balck_Market
The Egyptian pound fell to an unprecedented low on the black market on Monday, as hard currency demand rises in the dollar-starved economy. The Egyptian unit traded at 10 pounds per dollar compared to around 9.8 pounds last week. The country is still suffering a foreign currency shortage despite government decisions to devalue the pound and raising caps for dollar deposits and withdrawals. The situation has led the country's second largest bank, Banque Misr, to approach foreign financial institutions for a 300 million euro syndicated loan to shore up its reserves. Egypt's three state banks, Banque Misr, the National Bank of Egypt, and Banque du Caire began offering dollar denominated certificates of deposits with attractive yields to Egyptians living abroad to increase their dollar resources.
- published: 29 Mar 2016
- views: 1294
4:45
Egyptian Pound in Freefall: IMF Loan the Cause? | Vantage with Palki Sharma
Egyptian Pound in Freefall: IMF Loan the Cause? | Vantage with Palki Sharma
The IMF has agreed to loan Egypt $8 Billion. In exchange, Egypt was forced to stop...
Egyptian Pound in Freefall: IMF Loan the Cause? | Vantage with Palki Sharma
The IMF has agreed to loan Egypt $8 Billion. In exchange, Egypt was forced to stop artificially supporting its currency, the Egyptian pound. The pound's value plummeted to record lows after the decision. Will this shock help end Egypt's economic crisis? Palki Sharma tells you more.
---
Egypt | Pound | IMF | Economic Crisis | Firstpost | World News | Vantage | Palki Sharma
#egypt #pound #imf #egyptianpound #economiccrisis #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost
Follow Firstpost on Instagram:
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Follow Firstpost on Twitter:
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https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V
https://wn.com/Egyptian_Pound_In_Freefall_Imf_Loan_The_Cause_|_Vantage_With_Palki_Sharma
Egyptian Pound in Freefall: IMF Loan the Cause? | Vantage with Palki Sharma
The IMF has agreed to loan Egypt $8 Billion. In exchange, Egypt was forced to stop artificially supporting its currency, the Egyptian pound. The pound's value plummeted to record lows after the decision. Will this shock help end Egypt's economic crisis? Palki Sharma tells you more.
---
Egypt | Pound | IMF | Economic Crisis | Firstpost | World News | Vantage | Palki Sharma
#egypt #pound #imf #egyptianpound #economiccrisis #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost
Follow Firstpost on Instagram:
https://www.instagram.com/firstpost/
Follow Firstpost on Facebook:
https://www.facebook.com/firstpostin/
Follow Firstpost on Twitter:
https://twitter.com/firstpost
Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V
- published: 07 Mar 2024
- views: 71059
1:37
Egyptian Pound gains 15% against the dollar
The Egyptian pound has made a surprise comeback in the last 12 days. It has gained 15% against the dollar, the strongest performance by the pound since it's dev...
The Egyptian pound has made a surprise comeback in the last 12 days. It has gained 15% against the dollar, the strongest performance by the pound since it's devaluation last November. Let's take a look.
https://wn.com/Egyptian_Pound_Gains_15_Against_The_Dollar
The Egyptian pound has made a surprise comeback in the last 12 days. It has gained 15% against the dollar, the strongest performance by the pound since it's devaluation last November. Let's take a look.
- published: 23 Feb 2017
- views: 411
8:52
Why Egypt’s Economy is About to Collapse
Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldrglobal/
Sisi, hailed as a solution to Egypt...
Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldrglobal/
Sisi, hailed as a solution to Egypt's chaos, now faces economic turmoil with a weakened pound, soaring inflation, and the looming risk of sovereign default. This video explores his rise to power, the economic crisis, and potential outcomes.
🎞 TikTok: https://www.tiktok.com/@tldrnews
🗣 Discord: https://tldrnews.co.uk/discord
💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
https://wn.com/Why_Egypt’S_Economy_Is_About_To_Collapse
Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldrglobal/
Sisi, hailed as a solution to Egypt's chaos, now faces economic turmoil with a weakened pound, soaring inflation, and the looming risk of sovereign default. This video explores his rise to power, the economic crisis, and potential outcomes.
🎞 TikTok: https://www.tiktok.com/@tldrnews
🗣 Discord: https://tldrnews.co.uk/discord
💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
- published: 14 Sep 2023
- views: 458617
9:24
Why Egypt's Currency Just Fell 40% in a Single Day
Sign up to Nebula to get the ad-free access to the full Daily Briefing every single day: https://go.nebula.tv/thedailybriefing
Welcome to the TLDR News Daily B...
Sign up to Nebula to get the ad-free access to the full Daily Briefing every single day: https://go.nebula.tv/thedailybriefing
Welcome to the TLDR News Daily Briefing
In today’s episode, we run through why Egypt is devaluing its currency again amidst a currency crisis. Also, we discuss China dropping the word ‘peaceful’ from its reunification plans; US ‘Super Tuesday’ election results; & Russian ICC warrants.
💬 Twitter: https://twitter.com/tldrnewsuk
📸 Instagram: http://www.instagram.com/tldrnewsuk
🎞 TikTok: https://www.tiktok.com/@tldrnews
💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
TLDR Store: https://www.tldrnews.co.uk/store
TLDR TeeSpring Store: https://teespring.com/stores/tldr-spring
Learn About Our Funding: https://tldrnews.co.uk/funding
TLDR is all about getting you up to date with the news of today, without bias and without filter. We aim to give you the information you need, quickly and simply so that you can make your own decision.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by just a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, following, and backing us on Patreon. Thanks!
Music by Epidemic Sound: http://epidemicsound.com/creator
//////////////////////////////
Further reading:
✍️ Egypt Devalues its Currency… again
https://youtu.be/0u7qRXo72mg
https://youtu.be/zUmo7HjrG3Q
https://www.reuters.com/world/middle-east/egypt-raises-interest-rates-by-600-bps-pound-tumbles-2024-03-06/
https://www.bloomberg.com/news/articles/2024-03-06/egypt-unexpectedly-hikes-interest-rate-to-27-25
✍️ China Drops ‘Peaceful’ from Taiwan Reunification Plans
https://www.reuters.com/world/china/china-drops-peaceful-reunification-reference-taiwan-raises-defence-spending-by-2024-03-05/
https://apnews.com/article/china-legislature-defense-budget-taiwan-us-9e751a41c9a1ffe8c0cf9775797750e3
✍️ Elections Results from ‘Super Tuesday’ in US
https://apnews.com/article/super-tuesday-trump-biden-rematch-primaries-2024-e36971a222a2b50d35cb0a2c603ce4d5
https://news.sky.com/story/biden-trump-rematch-looks-certain-after-pair-dominate-super-tuesday-votes-13088175
https://apnews.com/article/who-is-jason-palmer-american-samoa-primary-c4bc109a16c7ee7b083f6216b44ba0c4
✍️ ICC Issues Arrest Warrants for Russian Officers
https://twitter.com/ZelenskyyUa/status/1765031137238192215
https://www.euronews.com/2024/03/06/icc-seeks-arrest-of-2-russian-officers-ukrainian-sea-drones-reportedly-sank-russian-warshi?utm_source=ground.news&utm_medium=referral
✍️ TLDR Good News
https://www.reuters.com/world/europe/eu-parliament-council-agree-ban-products-made-with-forced-labour-2024-03-05/
https://www.ft.com/content/9af27168-0a88-4619-921b-6de7407b3143
//////////////////////////////
00:00 Intro
00:24 Egypt Devalues its Currency… again
02:27 China Drops ‘Peaceful’ from Taiwan Reunification Plans
03:43 Elections Results from ‘Super Tuesday’ in US
05:34 ICC Issues Arrest Warrants for Russian Officers
07:01 TLDR Good News
https://wn.com/Why_Egypt's_Currency_Just_Fell_40_In_A_Single_Day
Sign up to Nebula to get the ad-free access to the full Daily Briefing every single day: https://go.nebula.tv/thedailybriefing
Welcome to the TLDR News Daily Briefing
In today’s episode, we run through why Egypt is devaluing its currency again amidst a currency crisis. Also, we discuss China dropping the word ‘peaceful’ from its reunification plans; US ‘Super Tuesday’ election results; & Russian ICC warrants.
💬 Twitter: https://twitter.com/tldrnewsuk
📸 Instagram: http://www.instagram.com/tldrnewsuk
🎞 TikTok: https://www.tiktok.com/@tldrnews
💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
TLDR Store: https://www.tldrnews.co.uk/store
TLDR TeeSpring Store: https://teespring.com/stores/tldr-spring
Learn About Our Funding: https://tldrnews.co.uk/funding
TLDR is all about getting you up to date with the news of today, without bias and without filter. We aim to give you the information you need, quickly and simply so that you can make your own decision.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by just a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, following, and backing us on Patreon. Thanks!
Music by Epidemic Sound: http://epidemicsound.com/creator
//////////////////////////////
Further reading:
✍️ Egypt Devalues its Currency… again
https://youtu.be/0u7qRXo72mg
https://youtu.be/zUmo7HjrG3Q
https://www.reuters.com/world/middle-east/egypt-raises-interest-rates-by-600-bps-pound-tumbles-2024-03-06/
https://www.bloomberg.com/news/articles/2024-03-06/egypt-unexpectedly-hikes-interest-rate-to-27-25
✍️ China Drops ‘Peaceful’ from Taiwan Reunification Plans
https://www.reuters.com/world/china/china-drops-peaceful-reunification-reference-taiwan-raises-defence-spending-by-2024-03-05/
https://apnews.com/article/china-legislature-defense-budget-taiwan-us-9e751a41c9a1ffe8c0cf9775797750e3
✍️ Elections Results from ‘Super Tuesday’ in US
https://apnews.com/article/super-tuesday-trump-biden-rematch-primaries-2024-e36971a222a2b50d35cb0a2c603ce4d5
https://news.sky.com/story/biden-trump-rematch-looks-certain-after-pair-dominate-super-tuesday-votes-13088175
https://apnews.com/article/who-is-jason-palmer-american-samoa-primary-c4bc109a16c7ee7b083f6216b44ba0c4
✍️ ICC Issues Arrest Warrants for Russian Officers
https://twitter.com/ZelenskyyUa/status/1765031137238192215
https://www.euronews.com/2024/03/06/icc-seeks-arrest-of-2-russian-officers-ukrainian-sea-drones-reportedly-sank-russian-warshi?utm_source=ground.news&utm_medium=referral
✍️ TLDR Good News
https://www.reuters.com/world/europe/eu-parliament-council-agree-ban-products-made-with-forced-labour-2024-03-05/
https://www.ft.com/content/9af27168-0a88-4619-921b-6de7407b3143
//////////////////////////////
00:00 Intro
00:24 Egypt Devalues its Currency… again
02:27 China Drops ‘Peaceful’ from Taiwan Reunification Plans
03:43 Elections Results from ‘Super Tuesday’ in US
05:34 ICC Issues Arrest Warrants for Russian Officers
07:01 TLDR Good News
- published: 06 Mar 2024
- views: 79919
7:31
Egypt's Economic Crisis: Can it be stopped?
► Subscribe: YouTube.com/uptin
► My YouTube Shorts: YouTube.com/uptins
► Facebook: https://www.facebook.com/uptin
► Instagram: https://www.instagram.com/uptin
...
► Subscribe: YouTube.com/uptin
► My YouTube Shorts: YouTube.com/uptins
► Facebook: https://www.facebook.com/uptin
► Instagram: https://www.instagram.com/uptin
Watch some more of my videos!
Inside Egypt's New Capital
https://www.youtube.com/watch?v=tUpQLdoQUhU
This Country is Switching to US Dollar
https://www.youtube.com/watch?v=S5LDwRSuFDQ
https://wn.com/Egypt's_Economic_Crisis_Can_It_Be_Stopped
► Subscribe: YouTube.com/uptin
► My YouTube Shorts: YouTube.com/uptins
► Facebook: https://www.facebook.com/uptin
► Instagram: https://www.instagram.com/uptin
Watch some more of my videos!
Inside Egypt's New Capital
https://www.youtube.com/watch?v=tUpQLdoQUhU
This Country is Switching to US Dollar
https://www.youtube.com/watch?v=S5LDwRSuFDQ
- published: 18 May 2024
- views: 41651
1:26
Egyptian pound hits record low against US dollar
Decisions in recent months by the country’s Central Bank to raise the main interest rate and devalue the Egyptian pound have set off an economic shock that has ...
Decisions in recent months by the country’s Central Bank to raise the main interest rate and devalue the Egyptian pound have set off an economic shock that has affected millions of residents.
READ MORE : https://www.africanews.com/2023/01/12/egyptian-pound-hits-record-low-against-us-dollar
Subscribe on our Youtube channel https://www.youtube.com/c/africanews?sub_confirmation=1 and receive all the latest news from the continent.
Africanews is available in English and French.
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https://wn.com/Egyptian_Pound_Hits_Record_Low_Against_US_Dollar
Decisions in recent months by the country’s Central Bank to raise the main interest rate and devalue the Egyptian pound have set off an economic shock that has affected millions of residents.
READ MORE : https://www.africanews.com/2023/01/12/egyptian-pound-hits-record-low-against-us-dollar
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- published: 12 Jan 2023
- views: 3968
1:37
Egypt faces crisis with a devalued currency
http://www.euronews.com/ Egypt is facing a major credit crisis as its banks hold a national currency which is fast losing its value on international exchange m...
http://www.euronews.com/ Egypt is facing a major credit crisis as its banks hold a national currency which is fast losing its value on international exchange markets.
Since the ousting of the old regime, violent protests, a soaring budget deficit and a starved tourist industry have resulted in a seeping away of confidence in the Egyptian pound.
And it is not only a problem of paying for imports - the Egyptian people are engaged in a daily battle to pay for the basic materials to live with a currency nobody wants.
An owner of a currency exchange centre said:
"Traders import from abroad and this increases the demand for the dollar, importers resort to collecting the dollar from the markets and this reduces the rate of the Egyptian currency."
The government is grappling with the situation. It is seeking favourable easy payment terms for imports, hoping for an IMF loan and trying to stabilise the currency by restricting bank held foreign reserves. But it's an up hill struggle.
One local trader complained that bankers say they have no dollars, but they do have them. "We would still buy them even of the dollar was worth ten pounds, because we don't know the fate of the Egyptian pound," he said.
Reporting for euronews in Cairo, Mohammed Shaikhibrahim said:
"Restoring confidence in the Egyptian national currency it closely dependent upon political stability, security, and the government's package of reform measures. They include such things a market surveillance and import controls all so that the Egyptian pound can eventually recover."
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https://wn.com/Egypt_Faces_Crisis_With_A_Devalued_Currency
http://www.euronews.com/ Egypt is facing a major credit crisis as its banks hold a national currency which is fast losing its value on international exchange markets.
Since the ousting of the old regime, violent protests, a soaring budget deficit and a starved tourist industry have resulted in a seeping away of confidence in the Egyptian pound.
And it is not only a problem of paying for imports - the Egyptian people are engaged in a daily battle to pay for the basic materials to live with a currency nobody wants.
An owner of a currency exchange centre said:
"Traders import from abroad and this increases the demand for the dollar, importers resort to collecting the dollar from the markets and this reduces the rate of the Egyptian currency."
The government is grappling with the situation. It is seeking favourable easy payment terms for imports, hoping for an IMF loan and trying to stabilise the currency by restricting bank held foreign reserves. But it's an up hill struggle.
One local trader complained that bankers say they have no dollars, but they do have them. "We would still buy them even of the dollar was worth ten pounds, because we don't know the fate of the Egyptian pound," he said.
Reporting for euronews in Cairo, Mohammed Shaikhibrahim said:
"Restoring confidence in the Egyptian national currency it closely dependent upon political stability, security, and the government's package of reform measures. They include such things a market surveillance and import controls all so that the Egyptian pound can eventually recover."
.
Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews
- published: 29 Mar 2013
- views: 4928
2:48
Egyptian pound remains weak, investors & traders welcome devaluation
The Egyptian pound remained weak on Monday, its second day of trading in the free market. However, traders and investors in the country have welcomed the devalu...
The Egyptian pound remained weak on Monday, its second day of trading in the free market. However, traders and investors in the country have welcomed the devaluation and they are optimistic that the local unit will recover, if investments start to flow back into the North African country. Egypt abandoned the pound's peg of 8.8 to the dollar last Thursday. Yasser Hakim, filed this report.
https://wn.com/Egyptian_Pound_Remains_Weak,_Investors_Traders_Welcome_Devaluation
The Egyptian pound remained weak on Monday, its second day of trading in the free market. However, traders and investors in the country have welcomed the devaluation and they are optimistic that the local unit will recover, if investments start to flow back into the North African country. Egypt abandoned the pound's peg of 8.8 to the dollar last Thursday. Yasser Hakim, filed this report.
- published: 08 Nov 2016
- views: 307