Arab, foreign currencies record jump against Egyptian pound
Arab and foreign currencies have soared against the Egyptian pound on Tuesday following a decision adopted by…
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Egyptian Pound
Egypt central bank partially devalues Egyptian pound to 8.85 per dollar
Egypt's central bank has partially depreciated the Egyptian pound to 8.85 per dollar from 7.73 in an exceptional…
Egypt black-market pound climbs despite central bank’s FX bid
Egyptian pound weakened to a record Sunday despite the central bank’s $500 million exceptional foreign exchange…
BoA Merrill Lynch holds Egypt at ‘Marketweight’
Bank of America Merrill Lynch said Sunday it would hold Egypt at Marketweight as lower oil prices ease fiscal…
Egypt’s foreign reserves climb to $16.5 billion in February
Egypt’s foreign currency reserves have surged by $56 million in February for the fifth consecutive month, to reach…
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…
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…