Policy Caution or Calculated Flexibility: Why Egypt’s Central Bank Governor Remains…
The fourth renewal of Hassan Abdalla’s mandate at the helm of the Central Bank of Egypt leaves an unresolved…
Browsing Tag
egyptian pound flotation
Egypt PM dismisses rumours of IMF-recommended currency float
The Egyptian government has categorically denied recent rumors suggesting that the International Monetary Fund…
Egypt’s pound weakens to EGP 30.83 to dollar at midday
Egypt’s pound currency fell to EGP 30.78 for buying and EGP 30.83 for selling at some banks during midday trade on…
Egypt’s central bank records its first profit since 2016 pound float
Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of the local pound…
Egypt’s pound hits EGP 29.76 against dollar at closing
Egypt’s pound currency has recorded EGP 29.76 against the U.S. dollar during the closing trade at banks on…
BREAKING: Egypt’s pound hits new low against dollar, nears EGP 32
Egypt’s pound currency has plunged to an all-time low of EGP 30.90 against the U.S. dollar on Wednesday after the…
Egypt’s pound nears EGP 27 against dollar in 7 banks
Egypt’s pound currency fell to EGP 26.80 for buying and EGP 26.85 for selling against the U.S. dollar during midday…
Egypt’s pound surpasses EGP 25 level against dollar in some banks
Egypt’s pound currency dropped to exceed the EGP 25 level against the U.S. dollar during the morning trade at banks…
Report: Egypt’s pound now under supply, demand forces, floatation not “accurate term”
Egypt’s pound currency is now under the forces of supply and demand since October 27 when the central bank moved to…
Hisham Ezz Al-Arab: Flexible currency helps Egypt absorb external shocks
Flexible currency makes it easier for a country to absorb external shocks, said Egyptian veteran banker Hisham Ezz…
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…
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 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,…
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.
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…
Egypt’s pound at 18.42 – 18.45 against U.S. dollar
Egypt’s pound currency has eased by 10 piasters to the U.S. dollar in midday interbank dealings on Wednesday.
Banque Misr raises $900 million since Egyptian pound float move – official
Egypt’s second biggest bank, state-owned Banque Misr has collected $900 million since Nov.3 decision to freely…
Egypt’s NBE bank: new high-yield deposit certificates attract 61,000 new clients
The National Bank of Egypt’s high-yielding certificates of deposits, launched following Nov.3 currency floatation,…