exchange rates

US dollar rate decreases after Egypt receives first tranche of IMF loan
Egypt

US dollar rate decreases after Egypt receives first tranche of IMF loan

The US dollar exchange rate decreased in banks on Saturday, after Egypt received last night US$2.75 billion, the first tranche of the…
US dollar exchange rates decline locally after Trump victory
Business

US dollar exchange rates decline locally after Trump victory

The US dollar exchange rate continued to decline globally and locally on Thursday after Donald Trump was elected new US…
Egyptian pound recovers LE2 against US dollar on black market
Business

Egyptian pound recovers LE2 against US dollar on black market

The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a…
EgyptAir changes rules on ticket sales to prevent currency losses
Business

EgyptAir changes rules on ticket sales to prevent currency losses

EgyptAir Company has developed a number of policies to curb manipulation of currency markets while booking tickets for Egypt flights,…
Egyptian pound steady in regular dollar sale, weaker on black market
Business

Egyptian pound steady in regular dollar sale, weaker on black market

Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
Floating the pound: currency fix or economic disaster?
Business

Floating the pound: currency fix or economic disaster?

The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…
Dollar price climbs on black market after rumors of partial floatation of pound
Business

Dollar price climbs on black market after rumors of partial floatation of pound

The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
Egypt’s central bank says not time to float pound, devaluation depends on timing
Business

Egypt’s central bank says not time to float pound, devaluation depends on timing

Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
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 exchange bureaus investigated for hoarding dollars
Business

Egypt’s exchange bureaus investigated for hoarding dollars

Egypt's General Prosecution is investigating around 15 exchange bureaus after the central bank reported them for hoarding dollars and contributing…
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