Tag: egyptian pound

Repatriating profits of foreign companies pushes Egyptian pound down against US dollar

The price of the national currency saw devaluation on Wednesday, reaching EGP…

Hossam Mounir Hossam Mounir

Egyptian pound continues to decline against US dollar at banks

The currency exchange is governed by supply and demand, says CBE and…

Hossam Mounir Hossam Mounir

Xerox targets 10% growth rate in 2017: general manager

Liberalisation of Egyptian pound is the right decision to move towards desired…

Mohamed Alaa El-Din Mohamed Alaa El-Din

Making ends meet as prices skyrocket

While price increases and inflation are inevitable for any country, in recent…

Hisham Salah Hisham Salah

Samsung Electronics Egypt believes Egyptian pound flotation will benefit economy: vice president

Sales of televisions top the market with a 40% share, which registered…

Mahmoud Radwan Mahmoud Radwan

US dollar exchange rate against Egyptian pound continues to rise at banks, CBE on Thursday

Prior to the CBE’s decision to float the currency on 3 November,…

Mohamed Samir Mohamed Samir

Exchange rate semi-stable at CBE, banks on Wednesday

At banks on Wednesday, the US dollar changed hands at EGP 17-17.5…

Hossam Mounir Hossam Mounir

Dollar records its highest level against Egyptian pound this week

The official rate for the dollar at the CBE on Thursday registered…

Hossam Mounir Hossam Mounir

US dollar continues to fall on Monday, recording EGP 15.25-15.32 in official market

The price of the US dollar against the Egyptian pound continued to…

Mohamed Ayyad Mohamed Ayyad

Egyptian pound to remain volatile for near future: JP Morgan

The sharp foreign exchange adjustment, fiscal reforms, and increase in energy prices…

Mohamed Samir Mohamed Samir