Egyptian pound
US dollar hits highest level against local currency this week
Egypt
November 17, 2016
US dollar hits highest level against local currency this week
The Central Bank of Egypt announced Thursday that the US dollar soars to its highest level against the Egyptian pound…
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt
November 6, 2016
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt's stock market surged in early trade on Sunday, led by financial companies' shares, on hopes that the economy will…
Timeline: The Egyptian pound over the last five decades
Egypt
November 3, 2016
Timeline: The Egyptian pound over the last five decades
The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…
Egyptian central bank floats pound, devaluing to LE13 per dollar
Business
November 3, 2016
Egyptian central bank floats pound, devaluing to LE13 per dollar
Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
Egyptian pound steady in regular dollar sale, weaker on black market
Business
October 11, 2016
Egyptian pound steady in regular dollar sale, weaker on black market
Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
Egyptian pound devaluation, partial floatation expected this week
Business
October 3, 2016
Egyptian pound devaluation, partial floatation expected this week
The Egyptian pound could be devalued this week, ahead of a national holiday commemmorating the 6th October War, according to…
Dollar price climbs on black market after rumors of partial floatation of pound
Business
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
Dollar price drops on black market as talks on $12bn IMF loan announced
Business
July 28, 2016
Dollar price drops on black market as talks on $12bn IMF loan announced
The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…
Central bank to keep pound stable at forex auction amid devaluation talk
Business
July 12, 2016
Central bank to keep pound stable at forex auction amid devaluation talk
Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction…
Egypt raises interest rates by 100 basis points, to highest level in years
Business
June 17, 2016
Egypt raises interest rates by 100 basis points, to highest level in years
Egypt's central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years,…