Dollar Remains With Change At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 20th FX auction, the exchange rate of the U.S. dollar has remained with…
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Dollar Ups To EGP 6.74 On Central Bank’s 18th FX Auction
As Egypt’s Central Bank has offered its 18th FX auction and the second since the new governor hold office, the…
EFG-Hermes Downgrades USD-EGP Forecasts To EGP 7.75 By June
In a report issued on Wednesday, EFG-Hermes (HRHO.CA) has downgraded its forecast for the official USD-EGP exchange…
Dollar Ends Week EGP 0.3 Higher, Hits EGP 6.81 On 16th Auction
On Thursday, the U.S. dollar's exchange rate against the Egyptian pound has reached EGP 6.7174 (buy price) and EGP…
Dollar Continues To Play Cat & Mouse Game With Egypt’s C. Bank
Playing a game of ‘cat and mouse’ is what exactly the Egyptian Central Bank and the U.S. dollar are doing nowadays.…
Egypt’s Central Bank Shuts Down 7 Forex Firms On Regulation Violation
Egypt’s Central Bank has shut down 7 foreign exchange firms due to violating the bank’s regulations on the…
Egypt Central Bank Will Retain ‘Total Independence”; Newly-Appointed Governor
Egypt’s newly-appointed central bank governor Hisham Ramez said in an exclusive interview with Al Arabiya that the…
Dollar Hits EGP 6.56 On Central Bank’s 9th Day Auction: NBE
The Egyptian pound weakened at a central bank auction of dollars on Sunday, the ninth such sale since it introduced…
Egypt’s New Central Bank Chief Says Not Worried About Currency
Egypt's newly named central bank chief sought to reassure investors on Thursday there was no need to be worried…
Egypt Names A New Central Bank Governor Amid An Economic Crunch
Egypt’s president on Thursday named a new head for the country’s central bank, after the resignation of the…
