US dollar
Steel factories may halt operations over dollar shortage
Business
February 19, 2015
Steel factories may halt operations over dollar shortage
Several steel manufacturers have revealed that they might stop their productions within the next few days, citing bank’s inability to…
Experts torn on Egypt’s drop to USD in trade exchanges with Russia
Business
February 15, 2015
Experts torn on Egypt’s drop to USD in trade exchanges with Russia
The two-day visit of the Russian president Vladimir Putin to Egypt resulted in many pivotal outcomes, including dropping the use…
Central bank: Egypt’s pound hits new low of LE7.39 per dollar
Egypt
January 22, 2015
Central bank: Egypt’s pound hits new low of LE7.39 per dollar
Egypt's pound weakened to LE7.39 per dollar from LE7.34 the previous day at a central bank auction on Thursday, the…
Contractors report 70% rise in materials prices as dollar soars
Business
January 22, 2015
Contractors report 70% rise in materials prices as dollar soars
Egyptian building contractors have reported a 70 percent surge in the prices of building materials and related commodities, attributed to…
Cash reserves down 1.1 percent in May
Business
June 5, 2014
Cash reserves down 1.1 percent in May
On Thursday, Egypt's central bank announced a 1.1 percent drop in net cash reserves.
CBE grants US$40 billion tender for auction
Business
September 16, 2013
CBE grants US$40 billion tender for auction
Central Bank of Egypt (CBE) granted on Monday a tender of US$40 billion and offered it for auction to banks…
Presidential aide: Egyptian pound will not collapse
Egypt
February 18, 2013
Presidential aide: Egyptian pound will not collapse
The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to President Mohamed Morsy said…
New Central Bank governor: Pound slide is nothing to worry about
Egypt
January 12, 2013
New Central Bank governor: Pound slide is nothing to worry about
New Central Bank Hesham Ramez said that the current rise of the US dollar against the Egyptian pound is normal…
PM: Egyptian pound to improve against dollar over next period
Egypt
January 1, 2013
PM: Egyptian pound to improve against dollar over next period
The Egyptian pound will improve its standing against the US dollar after being encouraged by political and economic stability over…
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…