Report: Egypt’s pound now under supply, demand forces, floatation not “accurate term”
Egypt’s pound currency is now under the forces of supply and demand since October 27 when the central bank moved to…
Browsing Tag
Egypt’s pound
Egypt’s pound falls to EGP 24.65 against dollar in some banks
Egypt’s pound currency fell to EGP 24.59 against the U.S. dollar for buying and EGP 24.54 for sale at banks on…
Egypt’s NBE says new high-yield CDs raise 12 bln pounds in 3 days
The National Bank of Egypt (NBE) has raised 12 billion Egyptian pounds ($518.4 million) from its high-yielding…
Egypt’s pound falls to EGP 24 against dollar in some banks
Egypt’s pound currency dropped by around 4 percent to EGP 24 against the U.S. dollar as trading resumed on Sunday,…
Fitch Solutions raises projections for Egypt’s GDP growth to 6.59% in 2022
Fitch Solutions has on Sunday raised its projections for Egypt’s real GDP growth in 2022 to 6.59 percent, from 6.23…
Egypt c.bank to allow new derivatives to build market for currency hedging
Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available…
Standard Chartered: Egypt, IMF to reach $6 billion loan deal before end of month
Egypt is expected to reach an agreement with the International Monetary Fund (IMF) “before the end of September”…
Egypt’s pound at 18.42 – 18.45 against U.S. dollar
Egypt’s pound currency has eased by 10 piasters to the U.S. dollar in midday interbank dealings on Wednesday.
Egypt devalues pound by 10.67% to dollar
Egypt's central bank has devalued the pound by up to 10.67 percent on Monday morning to 17.42-17.52 against the…
Egypt central bank to hold exceptional $500 million FX auction Sunday
Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…
