dollar

UAE aid package behind dollar rate decline
Business

UAE aid package behind dollar rate decline

Hossam Naser, former vice president of the Industrial Development Bank, said the dollar exchange rate has declined due to the…
Egypt pound weakens at central bank’s dollar sale and on black market
Business

Egypt pound weakens at central bank’s dollar sale and on black market

The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a…
Currency black market shows limits of Egypt’s recovery
Business

Currency black market shows limits of Egypt’s recovery

Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange…
Government may raise dollar supply before 30 June
Business

Government may raise dollar supply before 30 June

The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…
Pound weakens to new record low
Business

Pound weakens to new record low

The Egyptian pound weakened to a  record low against the US dollar in interbank trade and slid further still on…
Dollar selling price reaches LE6.42 in banks, exchange bureaus
Business

Dollar selling price reaches LE6.42 in banks, exchange bureaus

The dollar continued to rise against the Egyptian pound during trading on Monday in banks and exchange bureaus, despite the…
Central Bank of Egypt to let the pound drop gradually
Business

Central Bank of Egypt to let the pound drop gradually

The Central Bank of Egypt (CBE) announced on Wednesday it would allow the value of the Egyptian pound (EGP) to…
Central Bank of Egypt: Losses caused by protests not calculated
Business

Central Bank of Egypt: Losses caused by protests not calculated

The vice-president of the Central Bank of Egypt (CBE), Hisham Ramez, has said it is too early to gauge the…
Egypt’s pound falls to five-year low against dollar
Business

Egypt’s pound falls to five-year low against dollar

The Egyptian pound fell to its lowest against the dollar since July 2005 on Monday after weeks of volatility that…
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