Egypt central bank currently has no intention to devalue pound
As Egypt faces a dollar crisis, the Central Bank of Egypt (CBE) says it has "no intention" of devaluing the…
Browsing Tag
Egyptian Pound
Egyptian pound continues decline on black market
The Egyptian pound dropped again against the dollar on the black market on Wednesday, extending its recent decline…
Egyptian pound weakens to record low against dollar on black market
The Egyptian pound dropped to an unprecedented low on the black market Monday, five traders said, as hard currency…
Egypt sold $500 mln in T-bills, bonds since devaluation,anticipates billions more
Investments in Egyptian treasury bills and bonds increased by $500 million since the Egyptian pound was devalued…
If Egypt wants IMF deal, it needs to get serious about economic reform
When Egypt’s central bank devalued the pound on March 14, it prompted some economists to speculate that the…
EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree
The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
Egypt central bank sets 9-year term limit for banks’ CEOs
Chief executive officers of banks in Egypt, including those in the private sector, will have to step down after…
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
The recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign currency…
LG sees 15% rise in product prices in Egypt
Egypt's LG CEO Don Cook expected the price of their products to increase by 15% Prices of LG products in Egypt are…
Egypt’s central bank sells $104.5mn at regular foreign currency auction Tuesday
Egypt's central bank has kept the pound stable at 8.78 per dollar at its regular foreign currency auction Tuesday…