Thursday 27 June 2019
 
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Foreign currency

UAE foreign currency reserve tops $89bn

The total foreign currency assets held by the Central Bank of the UAE (CBUAE) surged to Dh329.5 billion ($89.7 billion) during August from Dh326.4 billion in April, a media report said. Current account balances rose and deposits w

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UAE cbank foreign currency assets hit $89bn

Total foreign currency assets held by the Central Bank of the UAE surged 2.8 per cent during April 2018 to Dh326.4 billion ($88.9 billion), from Dh317.44 billion during the same month in 2017, as current account balances rose and deposits with f

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UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge i

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UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge i

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Britons' demand for foreign currency surges

Britain's Post Office on Wednesday a reported a surge in demand for euros and US dollars in its local branches and online this week, ahead of Thursday's referendum on European Union membership. The Post Office said overall

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S&P cuts Saudi foreign currency rating: report

Standard & Poor’s has cut the foreign currency rating of Saudi Arabia by one notch to A+ and kept the outlook on negative, said a Bank of America Merrill Lynch (BofAML) report. “We had expected a downgrade, but the

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UAE foreign assets surge 38pc to $77bn

The UAE central bank's foreign currency assets jumped 38 per cent from a year earlier to Dh282.9 billion ($77 billion) in December as holdings of foreign securities and deposits abroad increased, data showed on Thursday.   

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Egypt pound hits new low against dollar

The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank introduced a new system of foreign currency auctions to curb a decline in foreign reserves.

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Egypt pound's decline slows at 4th auction

Egypt's pound slid further on Thursday at the central bank's fourth auction of foreign currency and hit a new record low in the interbank market although the pace of its decline slowed from earlier in the week. The central

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Egypt pound will stabilise in days: Mursi

Egypt's president held out hope that a weakening pound could stabilise within days under a new regime implemented to fend off financial ruin and safeguard reserves needed to ensure food and fuel imports in a political crisis.

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