Egyptian pound decline

Central Bank: Foreign reserves at 16-year low
Business

Central Bank: Foreign reserves at 16-year low

The Central Bank announced on its website Tuesday that foreign reserves had fallen to US$13.613 billion in January, compared to…
Central Bank cancels currency auction, to announce new mechanism Monday
Business

Central Bank cancels currency auction, to announce new mechanism Monday

Egypt's central bank cancelled an auction of foreign currency on Sunday and said it would announce details of upcoming auctions…
New Central Bank governor: Pound slide is nothing to worry about
Egypt

New Central Bank governor: Pound slide is nothing to worry about

New Central Bank Hesham Ramez said that the current rise of the US dollar against the Egyptian pound is normal…
Pound hits record low
Business

Pound hits record low

The Egyptian pound hit a record low on Tuesday after weakening again at a Central Bank US dollar auction designed…
FJP slams central bank for dollar rise
Egypt

FJP slams central bank for dollar rise

The Freedom and Justice Party’s economic committee head Abdallah Shehata is blaming the Central Bank for the dollar's rise against…
Egypt takes provisions ahead of expected food price hikes
Business

Egypt takes provisions ahead of expected food price hikes

An official at the Investment Ministry said that state budget allocations for food and commodities will be increased in order…
PM: Egyptian pound to improve against dollar over next period
Egypt

PM: Egyptian pound to improve against dollar over next period

The Egyptian pound will improve its standing against the US dollar after being encouraged by political and economic stability over…
Morsy sees currency stabilizing ‘within days’
World

Morsy sees currency stabilizing ‘within days’

Egypt's pound fell to a record low on Monday as the president signaled his government would allow it to depreciate…
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…
Egypt pound hits record low under new currency regime
World

Egypt pound hits record low under new currency regime

The Egyptian pound hit a record low on Sunday of about 6.30 to the dollar after the central bank introduced…
Back to top button