exchange rate
Central Bank takes new measures to prevent pound slide
Business
February 4, 2013
Central Bank takes new measures to prevent pound slide
The dollar dropped against the pound by about eight piasters on Monday after the Central Bank of Egypt (CBE) adopted a…
Egyptian banks bring in dollars from abroad to meet local demand
Business
December 21, 2012
Egyptian banks bring in dollars from abroad to meet local demand
Egyptian banks have resorted to drawing on balances from abroad to meeting the growing domestic demand for US currency in…
Egypt keeps interest rates unchanged at 8.25%
Business
July 21, 2011
Egypt keeps interest rates unchanged at 8.25%
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim…
Through transition, Central Bank seeks stability, maintains secrecy
Business
July 21, 2011
Through transition, Central Bank seeks stability, maintains secrecy
The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…
US dollar continues to rise against the Egyptian pound
Business
March 20, 2011
US dollar continues to rise against the Egyptian pound
The exchange rate of the US dollar continued to rise against the Egyptian pound on Sunday. The Swiss franc, meanwhile,…