‘Flexible exchange rate’ more preferable for Egypt economy – minister
Egypt’s government prefers now a more flexible exchange rate to support an economy that has come under pressure…
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Egyptian currency
Egypt’s pound strengthens 7.6% against U.S. dollar in 7 months
The Egyptian pound strengthened by 7.6 percent against the U.S. dollar since the beginning of the year, according…
World’s deepest devaluation tempts foreign investors back to Egyptian market
As Egypt reaps the rewards of an intense devaluation, it has managed to tempt foreign investors back to its…
Making Egyptian pound exchange price more flexible is essential: IMF
Increasing the flexibility of the Egyptian currency’s exchange price is an essential part of the government’s…
Egyptian currency surprisingly up by 0.20 pounds against dollar
Egypt's central bank boosted the currency by 0.20 pounds to record 7.7301 to the dollar Wednesday, bankers said.…
Egypt state banks launch products to support national currency
Egypt's two largest state-run banks have launched savings certificates for Egyptian pounds with an interest rate of…
Egyptian Currency Clampdown Clobbers Small Business
Egypt has become the victim of its own success in clamping down on the black market for foreign currency. A central…
Egypt Offers Banks US$40 Million At FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its 48th FX Auction and…
In Week: US Dollar Surges 0.3% Against Egyptian Pound, Euro Falls 1.4%
The exchange rate of the Egyptian currency continued to fall against the U.S. dollar during the previous week. Yet,…
Egypt Likely Not To Receive IMF Loan; Says Former Official
Dr. Fakhry El-Feky, former assistant to the executive director of the International Monetary Fund (IMF), has ruled…
