Tag: Pound

Egypt floats pound, raises interest rates by 6% to tackle inflation

The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…

Mohamed Samir Mohamed Samir

Economy Plus poll forecasts currency appreciation, lower interest rates, price cuts across consumer goods

Appreciation of currency, lower interest rates, price cuts across consumer goods, and…

Daily News Egypt Daily News Egypt

Egyptians to witness first real salary increase since pound flotation: Logic Polls

Egypt is projected to be a top country for the highest salary…

Daily News Egypt Daily News Egypt

Three-year anniversary of Egypt’s free floating exchange

FX reserves up by $25.618bn, exchange rate and inflation fall, and public…

Hossam Mounir Hossam Mounir

US dollar value continues decline against EGP in banks on Monday

The US dollar lost two piasters in the Egyptian National Bank and…

Nehal Samir Nehal Samir

Pound appreciated 84 piasters since beginning of 2019: CBE

US currency is approaching EGP 17 against pound, as foreign exchange flows…

Hossam Mounir Hossam Mounir

Governmental banks offer sterling pound savings certificates

The National Bank of Egypt (NBE), Banque Misr, and Banque du Caire…

Daily News Egypt Daily News Egypt

Pound sets for modest depreciation in 2018/19: Capital Economics

The currency has weakened by 50% against the dollar since it was…

Elsayed Solyman Elsayed Solyman

Pound strengthens due to market supply and demand mechanism: Amer

The CBE governor told the president that the bank didn’t intervene to…

Daily News Egypt Daily News Egypt