Tag: devaluation

Recent devaluation of Egyptian pound against US dollar normal, temporary: banking pundit

Like all currencies worldwide, local currency bound to be affected by current…

Hossam Mounir Hossam Mounir

World’s deepest devaluation tempts foreigners back to Egyptian markets

Renaissance Capital calls Egypt “haventrade”

Farida Ismail Farida Ismail

The best thing to do is to save your money at a fixed rate by investing in real estate: El-Shinnawy

We are committed to deliver high-end projects and a quality of that…

Farida Ismail Farida Ismail

Egyptian pound devaluation could cause heavy losses for customers with open currency position  

Importers of medicines and commodities priced upon the US dollar’s official rate…

Hossam Mounir Hossam Mounir

State of uncertainty over devaluation of Egyptian pound after president meets CBE governor

A senior banker ruled out any move by the CBE before 11…

Hossam Mounir Hossam Mounir

CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation

Possibility of launching exceptional auction completed ruled out for now, as the…

Hossam Mounir Hossam Mounir

IMF deal would be credit positive for Egypt: Fitch Ratings

Government is explaining the importance of the loan to parliament, not concerned…

Shaimaa Al-Aees Shaimaa Al-Aees

Motorcycle, bicycle prices rise by 20%, following devaluation of Egyptian pound

Prices of motorcycles and bicycles rose by 20%, due to the increase…

Ahmed Eid Ahmed Eid