Egyptian pound
Morsy inherits presidency as Egyptian pound is at 7-year low
Business
June 24, 2012
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…
Egyptian pound bid at lowest in more than 7 years
Business
June 20, 2012
Egyptian pound bid at lowest in more than 7 years
Egypt's pound was bid at 6.0507 to the US dollar on Wednesday, its weakest in more than seven years, following…
Paper: Egypt army sees further drop in FX reserves
Business
March 28, 2012
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…
We rejected an IMF request to devalue the pound by 20%, says official
Business
March 26, 2012
We rejected an IMF request to devalue the pound by 20%, says official
A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the…
Looming devaluation of Egyptian pound may have lasting effects
Business
February 13, 2012
Looming devaluation of Egyptian pound may have lasting effects
With a loan deal between Egypt and the International Monetary Fund still uncertain and foreign investors still wary of returning,…
Egypt faces hurdles in securing IMF aid
Business
January 25, 2012
Egypt faces hurdles in securing IMF aid
Egypt faces a struggle to secure a US$3.2 billion International Monetary Fund aid package that economists say is crucial to…
Business owners feel effects of Egyptian currency’s depreciation
Business
December 27, 2011
Business owners feel effects of Egyptian currency’s depreciation
After Egyptian pound slid to its lowest value in seven years this week, Egyptian business owners are feeling its effects.…
Egypt pound falls to weakest in almost 7 years
Business
November 29, 2011
Egypt pound falls to weakest in almost 7 years
CAIRO — The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in…
Through transition, Central Bank seeks stability, maintains secrecy
Business
July 21, 2011
Through transition, Central Bank seeks stability, maintains secrecy
The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…