Favourable Economic Winds help Egypt As Pound depreciates to Court Investors
Egypt will likely avoid the inflationary implications of a weaker currency as the pound depreciates ahead of a much…
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black market
Egypt’s Pound weakens for Third Straight Day to 7.29 per Dollar
Egypt's pound weakened to 7.29 per dollar at an unscheduled central bank auction on Tuesday from 7.24 a day…
Egypt’s Pound hits Weakest Official Level since December 2012
The central bank let the Egyptian pound depreciate on the official market for the first time since July, allowing…
Egyptian Pound Steady On Official Market, Strengthens On Black Market
The Egyptian pound was unchanged at a central bank dollar sale on Monday and strengthened on the black market. The…
Egyptian Pound Steady On Official Market, Weaker On Black Market
The Egyptian pound held steady at a central bank dollar sale on Sunday but weakened on the unofficial market. The…
Egypt Steps Up Dollar Sales As Pound Weakens In Black Market
Egypt’s central bank will step up foreign-currency sales this week after a dollar shortage pushed the pound to its…
Egyptian Pound Steady At Official Auction, Weaker On Black Market
The Egyptian pound held steady at a central bank dollar sale on Wednesday, but weakened on the unofficial market.…
Egypt Needs More Flexible Exchange Rate – IMF
Egypt would benefit from a more flexible currency regime that would help the country attract investment and…
Egypt Pound Drops In Black Market On Qatar Loan-Payment Concern
Egypt’s pound fell to 19-month low in the black market amid concern the forthcoming $2.5 billion bond payment to…
Currency Black Market To Disappear Within A Year: CBE Governor
Egypt's central bank (CBE) plans to eliminate the currency black market in less than a year, Hisham Ramez, the…