Egyptian pound
US dollar exchange rate continues decline to lowest levels since November
Business
February 17, 2017
US dollar exchange rate continues decline to lowest levels since November
The US dollar exchange rate fell against the Egyptian pound on Thursday to stand at LE16 for the first time…
Egyptian pound remains stable against US dollar
Business
January 30, 2017
Egyptian pound remains stable against US dollar
The Egyptian pound remained stable against the US dollar on Monday, selling between EGP 18.75-19.09 to the dollar in some banks.The Commercial…
Egypt on track to receive 2nd tranche of IMF loan
Egypt
January 19, 2017
Egypt on track to receive 2nd tranche of IMF loan
Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Egyptian pound strengthens: around 18 per dollar in banks
Business
January 9, 2017
Egyptian pound strengthens: around 18 per dollar in banks
The Egyptian pound remained steady at around 18 per US dollar in most banks on Sunday.The dollar was sold at…
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
Business
January 7, 2017
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
Simon Baptist, the Global Chief Economist at The Economist Intelligence Unit, expected the value of the Egyptian pound to increase by 14 percent against the…
US dollar exceeds the LE19 mark
Business
December 19, 2016
US dollar exceeds the LE19 mark
The US dollar exchange rate has hit a new high of LE18.75 for purchasing and LE18.95 for selling, up from…
Egypt’s Sisi says pound will strengthen over coming months
Egypt
December 8, 2016
Egypt’s Sisi says pound will strengthen over coming months
Egyptian President Abdel Fattah al-Sisi said on Thursday that the country's currency, the pound, was not valued fairly against the…
Egyptian pound weakens as forex restrictions ease
Egypt
December 2, 2016
Egyptian pound weakens as forex restrictions ease
The Egyptian pound weakened further against the dollar on Thursday as some banks took advantage of a loosening of restrictions…
US dollar hits highest level against local currency this week
Egypt
November 17, 2016
US dollar hits highest level against local currency this week
The Central Bank of Egypt announced Thursday that the US dollar soars to its highest level against the Egyptian pound…
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt
November 6, 2016
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt's stock market surged in early trade on Sunday, led by financial companies' shares, on hopes that the economy will…