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…
Browsing Tag
Egyptian pound devaluation
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…
National Bank of Egypt raises $11 billion from high-yield certificates in 9 days
Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 200 billion Egyptian pounds ($10.9…
Egypt’s newest savings certificates are ‘temporary’, to be deactivated soon – sources
Egypt’s new high-yield savings certificates are part of “temporary and exceptional” procedures and will not last…
Egypt’s pound depreciation to grab foreign capital outflows, allows smoother IMF path:…
Egypt’s move to depreciate its pound will arrest foreign-capital outflows and boost the nation’s chances of winning…
As pound devalues, Egypt to adjust customs dollar exchange rate to 16 per dollar
Egypt will begin setting its dollar exchange rate for customs to 16 percent as of end of April, said Minister of…
