exchange rate
Egyptian pound steady at forex sale, weaker on black market
Business
February 14, 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 Sunday but weakened on the…
Egyptian pound weakens on black market, steady at official auction
Business
February 11, 2016
Egyptian pound weakens on black market, steady at official auction
The Egyptian pound slipped further on the black market on Thursday, piling more pressure on the central bank to devalue…
Egypt to set 2016-17 budget at devalued exchange rate
Business
February 8, 2016
Egypt to set 2016-17 budget at devalued exchange rate
Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…
Rising dollar exchange rate sparks fears in price hike
Business
October 20, 2015
Rising dollar exchange rate sparks fears in price hike
Ahmed Shiha of the Cairo Chamber of Importers, is expecting commodity prices to rise by at least 10 percent due…
Ramez failed
Opinion
September 28, 2015
Ramez failed
Ramez, the Governor of the Central Bank, has failed to provide foreign currency, although he knows very well that everyone…
Libyan dinar exchange rate falls back to LE3.40
Business
February 22, 2015
Libyan dinar exchange rate falls back to LE3.40
The Libyan dinar exchange rate declined on the Egyptian domestic market, since the start of the Egyptian air strikes on…
No trace of Russian ruble on Egyptian market
Business
February 15, 2015
No trace of Russian ruble on Egyptian market
Despite Egypt and Russia's announcement that the two countries would depend on the Russian ruble in transactions between both countries, the…
Dollar exchange rate stabilizes
Business
June 20, 2014
Dollar exchange rate stabilizes
The dollar exchange rate has stabilized by the end of last week at LE7.14 for buying and LE7.17 for selling,…
Dollar expected to dip further versus pound
Business
August 13, 2013
Dollar expected to dip further versus pound
Belal Khalil, deputy chairman of the Foreign Exchange Division of the Federation of the Chamber of Commerce, has warned the…
Officials: Central Bank auction reduces black market dollar price
Business
April 14, 2013
Officials: Central Bank auction reduces black market dollar price
A US$600 million auction proposed by the Central Bank of Egypt Sunday reduced price of dollars on the black market…