Latest in Tag: exchange rate Highlight

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Latest in Tag: exchange rate


EGP 74,000 was Bitcoin exchange rate in August 2017, compared to $4,400

The exchange rate of Bitcoin is EGP 74,000 compared to $4,400 in August 2017, according to the website BitPay. The Bitcoin ecosystem in Egypt is currently small, with only a handful of traders listed on the website LocalBitcoins. However, Bitcoin Egypt, a startup for the cryptocurrency is launching in Egypt. Its founder Rami Khalil said, …

Shaimaa Al-Aees

US Dollar loses 10 piastres during Thursday transactions

The US dollar exchange price index slipped against the Egyptian pound in 11 banks during Thursday tradings/transactions, at rates ranging from 5 to 15 piastres, after a significant increase pushed the exchange rate to the level of EGP 18.26 at the end of Wednesday. The dollar declined by 15 piastres in the Arab Investment Bank, …

Daily News Egypt

Dollar breaks EGP 17, driven by shortage at banks 

The US dollar exchange rate to the pound exceeded EGP 17.5 on Tuesday, marking its highest level over the past two weeks. The depreciation comes as demand builds up to cover importation, leaving banks with a shortage. The greenback began a wave of strengthening again since last week, continuing its movement upwards to reach EGP …

Hossam Mounir

Banks, pharmaceutical shares expected to attract investors in 2017

The flotation of the Egyptian pound will play an influential role in determining the attractiveness of shares for investors during 2017, especially after the price of the US dollar increased to more than EGP 19, which will affect companies’ activities and their ability to make a profit. Financial and technical analysts expect that the most …

Mohamed Ahmed

Motor oil prices increase by 4%, filters by 10%

The prices of automobile oil have increased by 4% in the past few days, and the price of passenger car filters have increased by 10%, both resulting from the increase in the US dollar exchange rate—which affects importing the requirements for production. Sales director at Al Barkah International Ltd for automobile oil trade, Ahmed Mohamed, …

Ahmed Eid