exchange rate

US dollar exchange rate stable during Sunday trading
Economy

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

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

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

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

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

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

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

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

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

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…
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