Egypt’s dollar shortage

US dollar exchange rate stable during Sunday trading
Economy

US dollar exchange rate stable during Sunday trading

The US dollar exchange rate was stable against the Egyptian pound at the beginning of Sunday morning trading within Egypt…
US dollar hits LE18 on black market as govt mulls official devaluation
Business

US dollar hits LE18 on black market as govt mulls official devaluation

The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…
Egypt non-oil business activity slows for ninth straight month in June: PMI
Business

Egypt non-oil business activity slows for ninth straight month in June: PMI

Business activity in Egypt shrank for the ninth straight month in June on the back of further declines in output,…
Egypt’s central bank sells US$118.7 million at Tuesday auction
Business

Egypt’s central bank sells US$118.7 million at Tuesday auction

Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale.Egypt's pound strengthened…
Egypt pound weaker on black market amid dollar hoarding
Business

Egypt pound weaker on black market amid dollar hoarding

The Egyptian pound weakened on the parallel market on Tuesday reaching LE11 against the dollar at a time when Egypt's…
Egypt’s dollar shortage squeezes private wheat importers
Business

Egypt’s dollar shortage squeezes private wheat importers

Egypt's currency market reforms are inflicting a heavy toll on many private sector wheat traders struggling to secure shipments for…
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