exchange rates

Egypt pound hits 5.8 to the dollar; food prices inch upwards
Business

Egypt pound hits 5.8 to the dollar; food prices inch upwards

Food prices were subject to several incremental increases this year due to a corresponding rise in the value of the…
CBE: Egypt’s forex reserves reach US$35.57 bn in November
Business

CBE: Egypt’s forex reserves reach US$35.57 bn in November

Egypt's foreign currency reserves amounted to US$35.57 billion as of late November compared to US$35.545 billion one month earlier, the…
Bank official: CBE not behind Egypt pound surge against dollar
Business

Bank official: CBE not behind Egypt pound surge against dollar

The recent jump in the Egyptian pound's value against the US dollar was not caused by intervention on the part…
Egyptian pound falls to lowest level against dollar since 2007
Business

Egyptian pound falls to lowest level against dollar since 2007

The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
Economists fear impact of Egypt pound’s slide against dollar
Business

Economists fear impact of Egypt pound’s slide against dollar

After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
US dollar continues to rise against Egyptian pound
Business

US dollar continues to rise against Egyptian pound

The US dollar continued to rise against the Egyptian pound, increasing by 4 piasters over the past week, and 14…
Dollar stabilizes against Egyptian pound
Business

Dollar stabilizes against Egyptian pound

The US dollar has stabilized against the Egyptian pound after rising by LE0.10 last month. The selling rate for the…
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