Foreign investors pour $925 million into Egypt since Wednesday
Tuesday, January 17, 2023
© Reuters. FILE PHOTO: A man counts Egyptian pounds outside a bank in Cairo, Egypt October 24, 2016. REUTERS/Mohamed Abd El Ghany/File Photo CAIRO (Reuters) - Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three days since its currency sharply depreciated last week, Egypt's central bank said in a statement on Monday.
The Egyptian pound weakened to about 32 to the dollar from 27.60 at the open on Wednesday before rebounding to 29.61 pounds by end-Monday.
Additional foreign currency from local sources, remittances from Egyptians working abroad and tourism also flowed into the market over the past three business days, the central bank statement added.
Egypt promised it would shift to a "durably flexible" exchange rate when it reached an agreement with the IMF for a $3 billion financial support package in October.
It turned to the IMF for assistance after Russia's war in Ukraine pushed up its bills for wheat and oil while dealing a blow to tourism from two of its largest markets, Ukraine and Russia, a key source of hard currency.
It has been loosening its dollar peg in jumps, with a view to letting the currency float freely.
Banks were able to fulfil more than $2 billion in requests by Egyptian importers over the past three days, in addition to the requests other clients, the central bank statement added.
Goods began backing up in Egyptian ports after the central bank placed restrictions on imports in February. Last month the central bank removed those restrictions, and importers have been scouring for dollars to get their goods released.
Sales of Egyptian treasury bills of one year or less surged at auctions on Thursday and Sunday as investors continued to flood back after the pound's depreciation.
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07-12-2023 10:05:27 (UTC+7)
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69.82
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-271.50 (-1.65%)
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IBEX 35
10,258.10
+19.70 (+0.19%)
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BASF SE NA O.N.
44.440
+0.840 (+1.93%)
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Buy (9)
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Bayer AG NA
32.39
+0.69 (+2.16%)
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Allianz SE VNA O.N.
240.95
+2.20 (+0.92%)
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Adidas AG
197.00
+1.72 (+0.88%)
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↑ SellMoving Avg:
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Deutsche Lufthansa AG
8.585
+0.266 (+3.20%)
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Siemens AG Class N
160.92
+2.18 (+1.37%)
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Deutsche Bank AG
11.670
+0.100 (+0.86%)
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| EUR/USD | 1.0764 | Neutral | |||
| GBP/USD | 1.2552 | Neutral | |||
| USD/JPY | 146.90 | ↑ Buy | |||
| AUD/USD | 0.6535 | Neutral | |||
| USD/CAD | 1.3598 | Neutral | |||
| EUR/JPY | 158.13 | ↑ Buy | |||
| EUR/CHF | 0.9421 | ↑ Buy |
| Gold | 2,045.75 | Buy | |||
| Silver | 24.177 | ↑ Buy | |||
| Copper | 3.7588 | ↑ Buy | |||
| Crude Oil WTI | 69.82 | ↑ Buy | |||
| Brent Oil | 74.72 | ↑ Buy | |||
| Natural Gas | 2.561 | ↑ Buy | |||
| US Coffee C | 175.85 | ↑ Buy |
| Euro Stoxx 50 | 4,483.75 | ↑ Sell | |||
| S&P 500 | 4,549.34 | Sell | |||
| DAX | 16,656.44 | ↑ Sell | |||
| FTSE 100 | 7,515.38 | ↑ Sell | |||
| Hang Seng | 16,202.50 | ↑ Buy | |||
| Small Cap 2000 | 1,851.25 | ↑ Sell | |||
| IBEX 35 | 10,258.10 | ↑ Sell |
| BASF | 44.440 | ↑ Buy | |||
| Bayer | 32.39 | ↑ Buy | |||
| Allianz | 240.95 | Buy | |||
| Adidas | 197.00 | ↑ Sell | |||
| Lufthansa | 8.585 | Sell | |||
| Siemens AG | 160.92 | Neutral | |||
| Deutsche Bank AG | 11.670 | Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 7,330 / 7,430 (10 / 10) # 1,456 |
| SJC HCM | 7,310/ 7,430 (10 / 10) # 1,454 |
| SJC Hanoi | 7,310/ 7,432 (10 / 10) # 1,456 |
| SJC Danang | 7,310/ 7,432 (10 / 10) # 1,456 |
| SJC Nhatrang | 7,310/ 7,432 (10 / 10) # 1,456 |
| SJC Cantho | 7,310/ 7,432 (10 / 10) # 1,456 |
| Cập nhật 07-12-2023 10:05:30 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $2,029.06 | +10.56 | 0.52% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 23.680 | 24.150 |
| RON 95-III | 22.990 | 23.440 |
| E5 RON 92-II | 21.790 | 22.220 |
| DO 0.05S | 20.190 | 20.590 |
| DO 0,001S-V | 21.590 | 22.020 |
| Dầu hỏa 2-K | 21.110 | 21.530 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $69.97 | -5.32 | -0.07% |
| Brent | $74.78 | -5.28 | -0.07% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.070,00 | 24.440,00 |
| EUR | 25.465,87 | 26.864,16 |
| GBP | 29.703,48 | 30.968,33 |
| JPY | 160,35 | 169,74 |
| KRW | 15,92 | 19,29 |
| Cập nhật lúc 10:04:57 07/12/2023 Xem bảng tỷ giá hối đoái | ||
