Egyptian pound
Central Bank raises rates to curb inflation, support pound
Business
March 22, 2013
Central Bank raises rates to curb inflation, support pound
The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but…
US dollar deposits grow as pound falls
Business
March 19, 2013
US dollar deposits grow as pound falls
Egyptians are continuing to convert Egyptian pound bank deposits into US dollars, fearing further depreciation for the embattled currency. A…
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…
Central Bank cancels currency auction, to announce new mechanism Monday
Business
February 4, 2013
Central Bank cancels currency auction, to announce new mechanism Monday
Egypt's central bank cancelled an auction of foreign currency on Sunday and said it would announce details of upcoming auctions…
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…
Pound hits record low
Business
January 8, 2013
Pound hits record low
The Egyptian pound hit a record low on Tuesday after weakening again at a Central Bank US dollar auction designed…
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Business
January 3, 2013
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Dollar exchange rates in Egyptian banks have stabilized at the amount of LE6.42 for buying and LE6.39 for selling, with…
Brotherhood may pay price for currency fall
Business
January 3, 2013
Brotherhood may pay price for currency fall
Life in Egypt is about to get harder for ordinary people who will bear the brunt of inflation caused by…
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 selling price reaches LE6.42 in banks, exchange bureaus
Business
December 31, 2012
Dollar selling price reaches LE6.42 in banks, exchange bureaus
The dollar continued to rise against the Egyptian pound during trading on Monday in banks and exchange bureaus, despite the…