BREAKING: Egypt’s central bank raises key interest rates by 150 basis points
Egypt’s central bank has decided to raise interest rates by 150 basis points during its monetary policy meeting…
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devaluation
What will Egypt’s flexible exchange rate look like? – Reuters
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
Egypt central bank holds pound steady at 8.85 per USD at special auction
Egypt's central bank will hold the Egyptian currency steady at 8.85 pounds per dollar at an exceptional foreign…
Economists hail Egyptian Pound devaluation, flexible exchange rate
Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate…
Egypt main index hits highest since July 2013 after currency devaluation
Egypt’s main index, EGX30 touched its highest since July 2013 following the central bank's move to partially…
Arab, foreign currencies record jump against Egyptian pound
Arab and foreign currencies have soared against the Egyptian pound on Tuesday following a decision adopted by…
Egypt central bank partially devalues Egyptian pound to 8.85 per dollar
Egypt's central bank has partially depreciated the Egyptian pound to 8.85 per dollar from 7.73 in an exceptional…
Brace for acute devaluation of Egyptian pound, say economists
Egypt will allow a sharp devaluation of its currency in the first half of this year as it has run out of options…
EFG Hermes says devaluation is the sole option in Egypt
The devaluation of the Egyptian pound is necessary to improve liquidity and start an equity market rally, the…
Asian stocks advance on China rate cut, U.S. tech earnings
Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in…
