exchange rates
Egyptian pound steady at forex sale, weaker on black market
Business
February 16, 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…
Economic ministerial group considers devaluation of Egyptian pound: Minister
Economy
September 8, 2015
Economic ministerial group considers devaluation of Egyptian pound: Minister
Investment Minister Ashraf Salman announced that the ministerial economic group is seriously considering the devaluation of the Egyptian pound in…
Industry federation backs CBE decision on dollar surge
Business
July 7, 2015
Industry federation backs CBE decision on dollar surge
Egypt’s industry federation has voiced support for the central bank’s decision to raise US dollar exchange rates against the Egyptian…
Report: Foreign Ministry violates currency rates when paying diplomats
Egypt
June 9, 2015
Report: Foreign Ministry violates currency rates when paying diplomats
A judicial report has unveiled flagrant violations of currency exchange rates in the Ministry of Foreign Affairs’ payment system for…
Source: IMF urges central bank to unify currency exchange rates
Business
December 28, 2014
Source: IMF urges central bank to unify currency exchange rates
The International Monetary Fund has urged the Central Bank of Egypt to unify currency exchange rates at banks and exchange…
Egypt to reintroduce deposit operations, cancels repos
Business
April 1, 2013
Egypt to reintroduce deposit operations, cancels repos
Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting…
Dollar stable against Egyptian pound, exchange officials say
Egypt
June 13, 2011
Dollar stable against Egyptian pound, exchange officials say
US dollar prices remained stable against the Egyptian pound over the past few days despite preparation by foodstuff importers for…
Central Bank of Egypt to let the pound drop gradually
Business
March 17, 2011
Central Bank of Egypt to let the pound drop gradually
The Central Bank of Egypt (CBE) announced on Wednesday it would allow the value of the Egyptian pound (EGP) to…
Banks to open as usual on Thursday; Egypt pound stable against US dollar
Business
February 9, 2011
Banks to open as usual on Thursday; Egypt pound stable against US dollar
Banks will open as usual on Thursday from 8:30 AM until 2:00 PM, with some branches remaining open until 5:00…