Decline Of Egyptian Pound Vs. USD Transient – Spokesman
Egyptian Presidential Spokesman Dr. Yasser Ali said Tuesday the decline of the EGP versus the USD, though…
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Egypt’s Morsi Sees Pound Stabilizing “Within Days”
Egypt's president held out hope that a weakening pound could stabilize within days under a new regime implemented…
Tarek Amer: FX Auctions To Give More Freedom To Egyptian Pound Pricing
Tarek Amer, Chairman of National Bank of Egypt (NBE) and President of Egypt Banks Union, has commended the new…
Egypt’s Prime Minister Says Govt Not To Float Currency
Egypt’s Prime Minister Hisham Kandil said the government is not planning to float the Egyptian pound amid the…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging…
U.S. Dollar Hikes To Ten-Year High Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in almost 10 years. The…
Egyptian Pound Falls To Eight-Year Low After S&P Rating Cut
Currency loses 0.1% to 6.1785 at 12:03pm in Cairo, heading for lowest close since Dec. 2008, according to prices…
Centamin Likely To Resume Operations In Sukari Mine In Days
Egypt’s largest gold producer, the Australia-based Centamin PLC, said it expected operations at its mine to restart…
CBE Likely To Intervene As Dollar Sets New Record Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in 9 years. The Egyptian…
Egypt Imposes 6.8% Precautionary Fees For Imported Iron
Egypt’s Minister of Industry and Foreign Trade Hatem Saleh has issued a decree in regard to impose precautionary…