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| Egypt scraps foreign currency caps on goods importers The Central Bank of Egypt has removed caps on deposits and withdrawals of foreign currency for importers of non-essential goods in a sign of improving dollar liquidity in Egyptian banks. It comes a year after Egypt floated its currency against the dollar in order to clinch a loan deal with the IMF.
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| Video start-up can't outspend YouTube, so it created new currency Adi Sideman, the chief executive officer of the live-streaming start-up YouNow, spends his days hawking a new form of digital currency. The tokens are called Props — as in what you're giving when you offer someone a fist-bump — and Sideman wants people who stream video online to accept them as ...
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| 'Only on review for a downgrade': South African rand rebounds The South African rand reversed course and rallied against the US dollar on Monday amid relief that the sovereign dodged a cut to junk by Moody's. In New York action, the currency gained 0.81 per cent on the greenback to ZAR13.78. It traded as weak as ZAR14.10 in the European trading session.
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