Browsing: US dollar

NEW YORK/LONDON – The dollar headed toward a second week of gains on Friday, after a slight rate hike in Japan gave the yen a slight reprieve and a surprise cut in Switzerland highlighted the gap in interest rate policy between the Federal Reserve and other central banks.

In a recent development that highlights Egypt’s ongoing economic challenges, the Ministry of Education has issued a directive prohibiting the collection of tuition fees in foreign currencies for Egyptian students in private and international schools amid a severe economic crisis and the scarcity of foreign currencies in the country. However, some private and international schools continue to demand payments in US dollars.