Egyptian pound
Central bank offers US$75 mln at 2nd currency auction
Business
December 31, 2012
Central bank offers US$75 mln at 2nd currency auction
Egypt's central bank said it was offering to sell US$75 million to banks on Monday at its second foreign currency…
Egypt pound hits record low under new currency regime
World
December 30, 2012
Egypt pound hits record low under new currency regime
The Egyptian pound hit a record low on Sunday of about 6.30 to the dollar after the central bank introduced…
Egypt starts currency auctions, says reserves critical
Business
December 29, 2012
Egypt starts currency auctions, says reserves critical
Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which…
Pound weakens to near 8-year low as IMF talks resume
Business
October 31, 2012
Pound weakens to near 8-year low as IMF talks resume
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Central Bank happy with value of pound: official
Business
October 10, 2012
Central Bank happy with value of pound: official
Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…
IMF did not ask for devaluation of the Egyptian pound, says official
Egypt
September 29, 2012
IMF did not ask for devaluation of the Egyptian pound, says official
Central Bank of Egypt governor Farouk al-Oqda said that the Egyptian economy is getting better and that, contrary to…
Qandil holds meeting to lure investors to Egypt
Business
September 17, 2012
Qandil holds meeting to lure investors to Egypt
Prime Minister Hesham Qandil met with 20 potential investors on Monday to discuss opportunities in the Egyptian market. Coming from…
Egypt’s Central Bank sells 513 mn euros of T-bills
Business
August 28, 2012
Egypt’s Central Bank sells 513 mn euros of T-bills
Egypt's Central Bank sold 513 million euros (US$642 million) worth of euro-denominated T-bills at an inaugural auction on Tuesday, and…
Morsy rules out currency devaluation
Business
August 27, 2012
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…