exchange rates
4 factors to decide future of the pound in short term: Pharos
Business
February 20, 2017
4 factors to decide future of the pound in short term: Pharos
Pharos Holding Investment Bank projected four factors to decide the future of the Egyptian pound exchange rate against the US…
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
Business
February 20, 2017
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
EFG-Hermes on Sunday projected the US dollar exchange rate to further decline to LE14.5 over the next few weeks. Ahmed Shams…
US dollar drops to new low of LE15.8 in Egypt’s banks
Egypt
February 19, 2017
US dollar drops to new low of LE15.8 in Egypt’s banks
The US dollar exchange rate continued its decline in banks on Sunday; the lowest rate found in banks was LE15.80…
US dollar at LE17.65 in Egypt banks
Egypt
February 12, 2017
US dollar at LE17.65 in Egypt banks
The US dollar exchange rate continued to decline in banks on Sunday; the lowest rate found in banks was LE17.65…
US dollar exchange rate declines slightly
Business
February 8, 2017
US dollar exchange rate declines slightly
The US dollar exchange rate declined slightly in banks on Wednesday; the lowest rate found in banks was LE18.15 to…
Egypt is the cheapest place to get your Big Mac
Business
February 6, 2017
Egypt is the cheapest place to get your Big Mac
If you are a big fan of the ubiquitous double-decker burger, you should probably roll up your sleeves and give it a…
Hermes projects US dollar at LE15 by the end of 2017
Business
January 24, 2017
Hermes projects US dollar at LE15 by the end of 2017
EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
US dollar hits LE18 again
Business
November 21, 2016
US dollar hits LE18 again
The US dollar continued its rise against the Egyptian pound in the banks for the second consecutive day on Monday,…
Egypt’s pound weakens as dollar demand surges, interest rates steady
Business
November 20, 2016
Egypt’s pound weakens as dollar demand surges, interest rates steady
The Egyptian pound weakened significantly on Sunday as banks scrambled to meet a surge in demand for dollars and the…
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
Business
November 17, 2016
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
The official US dollar inflows have improved, two weeks after the Central Bank of Egypt (CBE)'s decision to float the…