exchange rate

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 Sunday but weakened on the…
Egyptian pound weakens on black market, steady at official auction
Business

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

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

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

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

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

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

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

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

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…
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