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El-Abyad: Dollar Likely To Fall To EGP 6.35 In 2 Weeks
Mohamed Hassan El-Abyad - head of the Foreign Exchange Section at the Federation of Egyptian Chambers of Commerce –…
Egypt Pound’s Decline Slows At 4th Auction
Egypt's pound slid further on Thursday at the central bank's fourth auction of foreign currency and hit a new…
Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
Egyptian Pound’s Decline ‘Not End Of World’, Boosting Production Is Must
The crisis is not in the jump in the U.S. dollar exchange rate against Egyptian pound but in the collapsing economy…
Egypt’s Customs Stops Centamin Gold Shipment Because Not Approved
Egyptian customs have stopped a Centamin shipment of gold held at Cairo airport from being exported because it did…
Decline Of Egyptian Pound Vs. USD Transient – Spokesman
Egyptian Presidential Spokesman Dr. Yasser Ali said Tuesday the decline of the EGP versus the USD, though…
Egypt’s Morsi Sees Pound Stabilizing “Within Days”
Egypt's president held out hope that a weakening pound could stabilize within days under a new regime implemented…
Tarek Amer: FX Auctions To Give More Freedom To Egyptian Pound Pricing
Tarek Amer, Chairman of National Bank of Egypt (NBE) and President of Egypt Banks Union, has commended the new…
Egypt’s Prime Minister Says Govt Not To Float Currency
Egypt’s Prime Minister Hisham Kandil said the government is not planning to float the Egyptian pound amid the…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging…
