Egypt PM dismisses rumours of IMF-recommended currency float
The Egyptian government has categorically denied recent rumors suggesting that the International Monetary Fund…
Browsing Tag
Egyptian Pound
Foreign investors pour EGP 1.772t into Egyptian T-Bills
Foreign investors increased their holdings of Egyptian Treasury bills in May, reaching 1.772 trillion Egyptian…
Egyptian pound undervalued by 56% – Big Mac Index shows
The Big Mac Index indicated that the Egyptian Pound is undervalued against the dollar.
Egypt’s growth outlook cut to 4% – poll
Egypt's economic growth is expected to be lower than earlier anticipated this year, as per a Reuters poll released…
Egypt narrows budget deficit to EGP 505b in FY23/24
Egypt's total budget deficit for fiscal year 2023/24 decreased to 505 billion Egyptian pounds ($10.5 billion).
EGP slightly down against USD at Wednesday’s close – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
EGP nudges down in early Sunday Trade
The Egyptian Pound (EGP) nudged down against the US Dollar (USD) at the start of trading on Sunday, June 9, 2024.
Egypt’s c. bank issues $500m in T-bills
The Central Bank of Egypt (CBE) is auctioning on Monday dollar-dominated treasury bills worth $500 million.
EGP declines against USD on Sunday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
EGP averages 47.3 against USD on Thursday close
The US dollar (USD) slightly weakened against the Egyptian pound (EGP) at the end of trading on Thursday, according…
