exchange rates

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…
Economic ministerial group considers devaluation of Egyptian pound: Minister
Economy

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

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

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

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

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

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

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

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…
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