flexible exchange rate
CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar
Economy
October 23, 2026
CBE Governor explains reasons for Egyptian pound’s historic drop against US dollar
Central Bank of Egypt (CBE) Governor Hassan Abdalla reaffirmed the bank’s commitment to a flexible exchange rate policy in his…
Foreign investors withdraw $2 billion from Egyptian markets amid regional tensions
Business
March 6, 2026
Foreign investors withdraw $2 billion from Egyptian markets amid regional tensions
Foreign investors have sold off a massive amount of Egyptian government debt (bonds and treasury bills). In just four days…
“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister
Main Slider
November 29, 2024
“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister
Prime Minister Mostafa Madbouly addressed concerns about the Egyptian pound’s exchange rate during a press conference on Thursday. He assured…
Egyptian pound approaches 20 to US dollar in banks
Business
December 20, 2016
Egyptian pound approaches 20 to US dollar in banks
The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
Egypt announces more flexible exchange rate policy as it devalues pound
Business
March 14, 2016
Egypt announces more flexible exchange rate policy as it devalues pound
Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy…