Egypt's currency further declines against USD

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Egypt's currency further declines against USD

STORY: Egypt's currency further declines against USD DATELINE: Jan. 5, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of national banks in Egypt 2. various of citizens 3. various of banknotes STORYLINE: The Egyptian pound further weakened against the U.S. dollar whose exchange rate jumped Wednesday from about 24.7 to about 26.49 pounds, according to data on the website of the Central Bank of Egypt (CBE). It is the largest single-day decline of the Egyptian pound's value since the CBE allowed it to drop by about 14.5 percent in late October 2022. The country devalued its currency twice in 2022. The move complies with the country's "shift to a durable exchange rate regime" to contain inflation as a key demand of the International Monetary Fund (IMF), which has recently approved a loan of 3 billion dollars to Egypt to support its economic and structural reforms. The IMF's support package also includes measures to be implemented by Egypt to "reduce the state's footprin

  • Product Code
  • ILEA001223549
  • Registered date
  • 2023/1/05 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 70.44(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    IMF reviews to unlock 360-mln-USD loan for Ghana

    STORY: IMF reviews to unlock 360-mln-USD loan for Ghana SHOOTING TIME: April 13, 2024/File DATELINE: April 15, 2024 LENGTH: 00:03:06 LOCATION: Accra CATEGORY: ECONOMY SHOTLIST: 1. various of the IMF joint press briefing 2. SOUNDBITE 1 (English): STEPHANE ROUDET, IMF mission chief for Ghana 3. various the IMF joint press briefing 4. SOUNDBITE 2 (English): ERNEST ADDISON, Bank of Ghana Governor 5. various of the IMF joint press briefing 6. various of the Central Business District of Accra (file) STORYLINE: A staff review team of the International Monetary Fund (IMF) said on Saturday that the second review of Ghana's reform program would unlock 360 million U.S. dollars for the West African country. In a statement, the IMF said Ghana's performance under the program has been generally strong, with most quantitative targets met and key reforms implemented. This positive outcome of the review, the statement said, would pave the way for the West African country to draw the scheduled 360 million dollars as

      India's forex reserves rise to 648.562 bln USD

      STORY: India's forex reserves rise to 648.562 bln USD SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:02 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of building of the Reserve Bank of India 3. various of market STORYLINE: India's foreign exchange (forex) reserves further rose by 2.98 billion U.S. dollars to 648.562 billion U.S. dollars in the week ended April 5, according to the weekly statistics issued by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the seventh consecutive week when India's forex reserves moved upwards. The foreign currency assets, a key component of the forex reserves, rose by 549 million U.S. dollars to 571.166 billion U.S. dollars during the cited period, showed the RBI data. Meanwhile, the gold reserves rose by 2.398 billion U.S. dollars to 54.558 billion U.S. dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

        Egypt's net foreign reserves rise in March

        STORY: Egypt's net foreign reserves rise in March SHOOTING TIME: File footage DATELINE: April 4, 2024 LENGTH: 00:01:06 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the River Nile in Cairo 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of banks in Cairo STORYLINE: Egypt's net foreign reserves rose to 40.361 billion U.S. dollars in March from 35.311 billion U.S. dollars in February, the central bank said on Wednesday. Egypt's net international reserves surged to their highest level in about two years following a lucrative investment deal with the United Arab Emirates. In February, Egyptian and Emirati investors signed a historic deal to build a multi-billion new state-of-the-art city of Ras El Hekma as a new massive urban, business and tourism center in the country's North Coast. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

          India's forex reserves rise further to 642.631 bln USD

          STORY: India's forex reserves rise further to 642.631 bln USD SHOOTING TIME: March 28, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of RBI building 3. various of banks 4. various of market area STORYLINE: India's forex exchange (forex) reserves rose by 139 million U.S. dollars to 642.631 billion dollars during the week ending on March 22, data released by the country's central bank, the Reserve Bank of India (RBI), showed on Friday. This was the fifth straight week when India's forex reserves rose. Media reports described them as the highest-ever forex reserves till date. Forex reserves had stood at 642.492 billion dollars during the previous week ending on March 15. The RBI data further revealed that gold reserves rose by 347 million dollars to 51.487 billion dollars, while the foreign currency assets, which is the key component of forex reserves, declined by 123 million dollars to 568.264 billion dollars, showed the

            Egypt to receive 1st tranche of IMF loan next week: PM

            STORY: Egypt to receive 1st tranche of IMF loan next week: PM SHOOTING TIME: March 30, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) 2. shots of the Egyptian Prime Minister delivering a speech in the industrial zone (Courtesy of the Egyptian Cabinet) 3. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) STORYLINE: Egyptian Prime Minister Mostafa Madbouly announced on Saturday that Egypt is set to receive the inaugural installment of an 8-billion-dollar expanded loan program from the International Monetary Fund (IMF) next week. Speaking at an industrial zone near Cairo, Madbouly added that Egypt is working on increasing dollar resources by supporting industry and export. The IMF had previously approved a 3-billion-dollar, 46-month Extended Fund Facility (EFF) arrangement for Egypt in late 2022, aimed at supporting it

              Nigeria's central bank raises interest rate to 24.75 pct

              STORY: Nigeria's central bank raises interest rate to 24.75 pct SHOOTING TIME: March 26, 2024 DATELINE: March 28, 2024 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja 2. various of aerial shots of the Central Bank of Nigeria 3. various of Abuja 4. various of the meeting attended by Yemi Cardoso 5. SOUNDBITE (English): YEMI CARDOSO, Governor of Central Bank of Nigeria STORYLINE: The Central Bank of Nigeria (CBN) on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country. The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. SOUNDBITE (English): YEMI CARDOSO, Governo

                India's forex reserves rise to 642.49 bln USD as rupee falls

                STORY: India's forex reserves rise to 642.49 bln USD as rupee falls SHOOTING TIME: March 20, 2024 DATELINE: March 25, 2024 LENGTH: 00:01:16 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of the Reserve Bank of India 3. various of a market STORYLINE: India's foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended on March 15, the country's central bank has reported. This was the fourth straight week with an increase in the forex reserves for the South Asian country. According to the Reserve Bank of India on Friday, the forex reserves rose by nearly 6.4 billion dollars during the week ended on March 15. The foreign currency assets stood at 568.386 billion dollars, while the gold reserves amounted to 51.14 billion dollars during the cited week, the data showed. Meanwhile, the Indian rupee fell to its lowest level of 83.43 against the U.S. dollar, due to broad weakness in its Asian peers and the aggressive

                  Egypt raises fuel prices amid economic reform, transportation cost surge

                  STORY: Egypt raises fuel prices amid economic reform, transportation cost surge SHOOTING TIME: Archive DATELINE: March 23, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Ministry of Petroleum 2. various of fuel stations in Cairo STORYLINE: Egypt announced on Friday it would raise the prices of fuel due to the impact of exchange rate liberalization on the economy and rising transportation costs of petroleum products. The Ministry of Petroleum and Mineral Resources said in a statement that gasoline prices would rise by one Egyptian pound (about 2 U.S. cents) per liter, bringing the price of 80-octane gasoline to 11 pounds, 92-octane gasoline to 12.5 pounds, and 95-octane gasoline to 13.5 pounds. The ministry attributed the price hike to exchange rate liberalization and the rising transportation costs of petroleum products, exacerbated by tensions in the Red Sea. Additionally, diesel prices rose to 10 pounds per liter from 8.25 pounds, and the price of the 12.5

                    Mexico's central bank cuts interest rate for 1st time in 3 years

                    STORY: Mexico's central bank cuts interest rate for 1st time in 3 years SHOOTING TIME: Archives DATELINE: March 22, 2024 LENGTH: 00:01:15 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. aerial view of Mexico City 2. various of the banks in Mexico 3. various of banknotes STORYLINE: The Central Bank of Mexico (Banxico) on Thursday reduced its benchmark interest rate for the first time in three years. The benchmark interest rate was reduced by 0.25 percentage points to 11.0 percent, the central bank said in a statement. Banxico said it made the decision due to a disinflationary process in the country, despite the presence of upside risks. According to the most recent official data, headline inflation in Mexico was 4.40 percent year-on-year through February. The reduction came a year after Banxico's five-member board raised the benchmark rate to 11.25 percent. Xinhua News Agency correspondents reporting from Mexico City. (XHTV)

                      Egyptian president says large USD flows enable government to liberalize exchange rate

                      STORY: Egyptian president says large USD flows enable government to liberalize exchange rate SHOOTING TIME: March 9, 2024 DATELINE: March 10, 2024 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the televised educational seminar (Courtesy of the Egyptian Presidency) STORYLINE: Egyptian President Abdel-Fattah al-Sisi said on Saturday that the government's decision to liberalize the exchange rate came after securing a large amount of U.S. dollars. There are large cash flows that will support the currency exchange market in Egypt, Sisi said during a televised educational seminar. He noted that around 45-50 billion dollars in new financing have been injected through the multibillion-dollar Ras Al-Hekma development investment deal with the United Arab Emirates, an eight-billion-dollar loan agreement with the International Monetary Fund and agreements with the European Union. "Things have begun to improve," Sisi said, adding that the cash available in Egypt enabled the gove