Egypt Pound Hits Record Low After Forex Auction
Egypt's pound weakened to a record low against the dollar in interbank trade after a foreign currency sale on…
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Egyptian Pound
Dollar Inches EGP 0.1 Higher On Central Bank’s 21st FX Auction
As Egypt’s Central Bank has offered its 21st FX auction, the U.S. dollar’s exchange rate for Wednesday rose to EGP…
US Dollar Stable At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 21st FX auction, the exchange rate of the U.S. dollar has witnessed…
Egypt Must Keep Economic Reforms In Line With Political Imperatives: IMF
The International Monetary Fund will resume talks with Egypt over a proposed $4.8 billion loan once Cairo ensures…
Trade Conditions Weaken Egypt Textiles; FT Report
The slide in the value of the Egyptian pound since December is good news for the textile industry, but its impact…
Dollar Remains With Change At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 20th FX auction, the exchange rate of the U.S. dollar has remained with…
EFG-Hermes Downgrades USD-EGP Forecasts To EGP 7.75 By June
In a report issued on Wednesday, EFG-Hermes (HRHO.CA) has downgraded its forecast for the official USD-EGP exchange…
Dollar Falls To EGP6.73 Amid Expectations To Replace FX Auctions Mechanism: NBE
As Hisham Ramez has officially become the new Governor of Egyptian Central Bank, the U.S. dollar has dropped…
Dollar Ends Week EGP 0.3 Higher, Hits EGP 6.81 On 16th Auction
On Thursday, the U.S. dollar's exchange rate against the Egyptian pound has reached EGP 6.7174 (buy price) and EGP…
Dollar Continues To Play Cat & Mouse Game With Egypt’s C. Bank
Playing a game of ‘cat and mouse’ is what exactly the Egyptian Central Bank and the U.S. dollar are doing nowadays.…