currency

Iran rial plunges as Western sanctions bite
World

Iran rial plunges as Western sanctions bite

Iran's rial plunged against the US dollar in open-market trade on Monday, taking its loss in value over the past…
In debate over devaluating the pound, officials avoid sparking panic
Business

In debate over devaluating the pound, officials avoid sparking panic

In the past year, Egypt has been dealt a series of crippling economic blows, but the Egyptian pound has not…
Morsy rules out currency devaluation
Business

Morsy rules out currency devaluation

  Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
Feud between Brothers and military threatens fragile economy
Business

Feud between Brothers and military threatens fragile economy

Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Morsy inherits presidency as Egyptian pound is at 7-year low
Business

Morsy inherits presidency as Egyptian pound is at 7-year low

CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…
Paper: Egypt army sees further drop in FX reserves
Business

Paper: Egypt army sees further drop in FX reserves

CAIRO - Egypt's foreign reserves are expected to fall by more than US$5 billion to $10.4 billion by the end…
Egypt foreign reserves stand at $15.7 billion
Business

Egypt foreign reserves stand at $15.7 billion

Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…
Optimism toward politics buoys Egyptian stocks
Business

Optimism toward politics buoys Egyptian stocks

A strong performance by Egypt's stock market in the last few days, despite a string of negative political and economic…
Foreign reserves fall, add to pressure on pound
Business

Foreign reserves fall, add to pressure on pound

The drain on Egypt's foreign reserves showed little sign of abating in January, adding to pressure on the government to…
Egypt’s foreign reserves drop to $18.12 billlion
Business

Egypt’s foreign reserves drop to $18.12 billlion

Egypt's foreign reserves dropped to US$18.12 billion at the end of December from $20.15 billion a month earlier, the Central…
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