CBE to consider floating pound when foreign reserves hit $30bn
The Central Bank of Egypt (CBE) will consider floating the local currency when foreign reserves hit between $25bn…
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Egyptian Pound
Egypt won’t float currency until FX reserves reach at least $25 bln
Egypt is "definitely not going" to float its currency with foreign currency reserves at their current level, the…
Brace for acute devaluation of Egyptian pound, say economists
Egypt will allow a sharp devaluation of its currency in the first half of this year as it has run out of options…
Egypt to set 2016-17 budget at devalued exchange rate – Reuters
Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar, as…
World Bank slashes Egypt’s predicted 2016 growth rate to 3.8%
Egypt's economic growth is forecasted to slow to 3.8 percent in financial year 2015/16 from 4.2 percent expected in…
Egyptian pound; one of the world’s most beautiful currencies
The telegraph has listed the Egyptian pound as one of the most beautiful currencies in history. The Egyptian pound…
EFG Hermes says devaluation is the sole option in Egypt
The devaluation of the Egyptian pound is necessary to improve liquidity and start an equity market rally, the…
Egyptian currency surprisingly up by 0.20 pounds against dollar
Egypt's central bank boosted the currency by 0.20 pounds to record 7.7301 to the dollar Wednesday, bankers said.…
Blom Bank Egypt says may launch products to support national currency
Blom Bank Egypt is studying the launch of new savings certificates for Egyptian pounds with a high interest rate to…
Egypt state banks launch products to support national currency
Egypt's two largest state-run banks have launched savings certificates for Egyptian pounds with an interest rate of…