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Egypt Pound Forwards Advance As Foreign Reserves Beat Estimates
Egyptian pound forwards strengthened for a second day after the country’s foreign currency reserves dropped less…
Egypt’s Central Bank Offers Its 29th FX Auction, Dollar Rises To EGP 6.73
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Monday at its FX auction launched last…
US Dollar Halts 14-Day Steady, Hits EGP 6.77 By Week-End
The US dollar had ended this week slightly higher to reach EGP 6.74 (buy price) and EGP 6.7704 (sell price),…
US Dollar Steadies At EGP6.76 In FX Firms, Hits EGP7.40 In Black Market
The US dollar’s price has slightly surged on Wednesday to EGP 6.7391 (buy price) and EGP 6.7692 (sell price),…
US Dollar Hits EGP 6.7379 On Monday
The US dollar’s price has reached on Monday EGP 6.7379 (buy price) and EGP 6.7679 (sell price), compared to…
Egypt’s Central Bank Weekend Report Says US Dollar Hits EGP 6.76
In its weekly report on the foreign currencies exchange rates against the Egyptian pound, Egypt’s Central Bank said…
Dollar Ends Week Flat For 5th Day At EGP 6.76
The exchange rate of US dollar by the end of this week remained with stable for the fifth day in a row at EGP 6.73…
Egypt Currency Has Further To Fall: Business Leader
Egypt has begun devaluing its currency to help revive the economy and meet the conditions of an expected IMF loan…
Egypt Pound Will Not Collapse: Presidential Aide
The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to Islamist…
Local Gold Prices Record 4-Day Lows, 21-Carat Hits EGP 305
Gold prices in the Egyptian market on Sunday continued to slide for the fourth successive day to EGP 10830.95…