Ahram Online, Saturday 17 Sep 2022 Moscow uses local currency settlement mechanism in trade exchange between Russia and Egypt - mutual acceptance of payments in the Russian ruble or the Egyptian ...

A strong currency is one that trades where the world believes it should and stays there not by decree but by design.

The Monetary Policy Committee (MPC) cut the overnight deposit rate to 24% and the lending rate to 25%, its second decrease ...

Archaeologists in Egypt unearthed 5,000-year-old wine jars, many sealed, in Queen Meret-Neith's tomb at Abydos. This find ...

Egypt has devalued the pound by 49% since January 2022, but the currency remains overvalued, with 12-month forward rates trading above EGP/USD 40, or about 23% weaker than the official rate of EGP ...

The central bank last month lowered rates by 225 basis points (bps), its first adjustment since March 6, 2024, when it hiked rates by 600 bps and let the currency slide sharply against the dollar, ...

The United Arab Emirates (UAE) has unveiled its first-ever currency symbol. The new Dirham symbol incorporates the letter 'D,' representing both the Arabic and English names for the currency.

The Central Bank of UAE on Thursday launched new symbols for the national currency, the dirham, in its physical and digital forms, which reflect its national identity and aspiration to become a ...

According to the Saudi Central Bank (SAMA), the symbol will be introduced into financial and commercial transactions soon. It is worth noting that the Saudi Riyal, the official currency used in ...

Currency symbols are more than mere symbols—they are the gateways to understanding the global financial landscape. As world citizens, we encounter currency symbols daily, whether planning a trip ...

Saudi Arabia’s King Salman bin Abdulaziz has approved the official symbol of the riyal currency, in a historic move aimed at strengthening the Kingdom’s national currency, financial identity ...