currency floatation

US dollar prices witness slight increase on Wednesday
Egypt

US dollar prices witness slight increase on Wednesday

US Dollar exchange┬árates against Egyptian Pound recorded a slight increase with average of LE17.56 during dealings on Wednesday. According to…
Egypt, IMF reach agreement on $2 billion loan disbursement
Egypt

Egypt, IMF reach agreement on $2 billion loan disbursement

Egypt has reached a staff-level agreement with the International Monetary Fund for an installment of about $2 billion more from…
Cost of electricity production doubled after currency flotation: sources
Egypt

Cost of electricity production doubled after currency flotation: sources

Officials in the Electricity Ministry said the average cost of electricity production doubled, from 46 piasters to more than 90…
US dollar exchange rate stable, hovering around LE18
Egypt

US dollar exchange rate stable, hovering around LE18

After a week of unstable prices, the US dollar exchange rate was stable during Sunday morning trading.According the latest updates, the…
US dollar at LE18.10 in Egypt banks
Business

US dollar at LE18.10 in Egypt banks

The US dollar exchange rate remained stable in banks on Wednesday, but still above LE18.The website of the National Bank…
Electricity Ministry plans new price increases: sources
Business

Electricity Ministry plans new price increases: sources

The Electricity Ministry is studying a number of scenarios for the new tariff being introduced to electricity prices, which will…
4 factors to decide future of the pound in short term: Pharos
Business

4 factors to decide future of the pound in short term: Pharos

Pharos Holding Investment Bank projected four factors to decide the future of the Egyptian pound exchange rate against the US…
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
Business

Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks

EFG-Hermes on Sunday projected the US dollar exchange rate to further decline to LE14.5 over the next few weeks. Ahmed Shams…
US dollar drops to new low of LE15.8 in Egypt’s banks
Egypt

US dollar drops to new low of LE15.8 in Egypt’s banks

The US dollar exchange rate continued its decline in banks on Sunday; the lowest rate found in banks was LE15.80…
As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar
Business

As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar

Egypt will change its dollar exchange rate for customs to 16 pounds from 18.5 pounds on Thursday, after the Egyptian…
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