US dollar

EgyptAir reconsiders ticket prices following dollar hike
Business

EgyptAir reconsiders ticket prices following dollar hike

EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Business

Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction

Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
Experts divided over Egyptian pound devaluation
Business

Experts divided over Egyptian pound devaluation

The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Business

Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction

Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
Banque Misr: dollar black market rate down to LE9
Business

Banque Misr: dollar black market rate down to LE9

The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Egyptian pound hits all-time low against the dollar on black market
Business

Egyptian pound hits all-time low against the dollar on black market

The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…
Central bank removes dollar deposits cap for companies
Business

Central bank removes dollar deposits cap for companies

The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Obama advisor submits proposals for Egypt’s currency crisis
Business

Obama advisor submits proposals for Egypt’s currency crisis

Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…
Egyptian pound steady at auction, weakens on black market
Business

Egyptian pound steady at auction, weakens on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
Egypt addresses airline concerns on profit repatriation: c.bank source
Business

Egypt addresses airline concerns on profit repatriation: c.bank source

Egypt has addressed the concerns of airlines who have complained in recent weeks about their inability to repatriate earnings, a…
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