exchange rate
US dollar exchange rate stable during Sunday trading
Economy
May 28, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday tradings. The purchasing rate at the National Bank of Egypt,…
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
Business
January 7, 2017
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
Simon Baptist, the Global Chief Economist at The Economist Intelligence Unit, expected the value of the Egyptian pound to increase by 14 percent against the…
US dollar prices decline in Egypt’s banks
Business
December 23, 2016
US dollar prices decline in Egypt’s banks
The US dollar exchange rate continued to decline on Thursday to stand at LE 19.5 and LE18.75 in the bank. The…
US dollar exchange rate declines
Business
December 15, 2016
US dollar exchange rate declines
The exchange rate of the US dollar has declined by 10 piasters for selling and buying at three national banks,…
Egypt’s Sisi says pound will strengthen over coming months
Egypt
December 8, 2016
Egypt’s Sisi says pound will strengthen over coming months
Egyptian President Abdel Fattah al-Sisi said on Thursday that the country's currency, the pound, was not valued fairly against the…
US dollar exchange rate continues to decline
Business
November 14, 2016
US dollar exchange rate continues to decline
The US dollar exchange rate continued to decline compared to the Egyptian pound in major banks since the IMF announced…
KLM has not informed Civil Aviation Ministry of flight suspension plan: official
Business
September 15, 2016
KLM has not informed Civil Aviation Ministry of flight suspension plan: official
KLM Royal Dutch Airlines has not yet officially communicated its decision to temporarily suspend flights to Cairo starting next January,…
What will Egypt’s flexible exchange rate look like?
Business
March 18, 2016
What will Egypt’s flexible exchange rate look like?
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
Egyptian pound steady at forex sale, weaker on black market
Business
February 23, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
Egyptian pound steady at forex sale, black market under pressure
Business
February 18, 2016
Egyptian pound steady at forex sale, black market under pressure
The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…