Egypt’s pound falls to EGP 24.65 against dollar in some banks
Egypt’s pound currency fell to EGP 24.59 against the U.S. dollar for buying and EGP 24.54 for sale at banks on…
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Egyptian pound devaluation
Egypt’s PMI index at 45.4 in November amid inflationary pressure: S&P Global
Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private sector hit the second lowest level since June 2020…
Egypt’s NBE says new high-yield CDs raise 12 bln pounds in 3 days
The National Bank of Egypt (NBE) has raised 12 billion Egyptian pounds ($518.4 million) from its high-yielding…
Egypt’s pound falls to EGP 24 against dollar in some banks
Egypt’s pound currency dropped by around 4 percent to EGP 24 against the U.S. dollar as trading resumed on Sunday,…
BREAKING: Egypt’s central bank liberalises pound currency
Egypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the banks…
Fitch Solutions raises projections for Egypt’s GDP growth to 6.59% in 2022
Fitch Solutions has on Sunday raised its projections for Egypt’s real GDP growth in 2022 to 6.59 percent, from 6.23…
Egypt c.bank to allow new derivatives to build market for currency hedging
Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available…
Egyptian pound slips to weakest against U.S. dollar since Nov. 2016
Egyptian pound weakened on Wednesday to its lowest against the U.S. dollar since its devaluation in November 2016.
Standard Chartered: Egypt, IMF to reach $6 billion loan deal before end of month
Egypt is expected to reach an agreement with the International Monetary Fund (IMF) “before the end of September”…
Dollar climbs to strongest since Dec. 2016 vs Egyptian pound
The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian…