Tag: Pound

Pound lost 9% of its value against dollar in 2015, retreat to contine in 2016

The dollar’s value rose from EGP 7.18 in January to EGP 7.83…

Hossam Mounir Hossam Mounir

CBE intervenes to strengthen pound against dollar

Dollar fell in black market for hours until it suddenly stopped

Hossam Mounir Hossam Mounir

Pound depreciation has limited impact on budget deficit: Economists

Government forecasts on the deficit will not be achieved and will jump…

Mohamed Ayyad Mohamed Ayyad

Mehleb receives export councils’ memorandum to review CBE’s policies

CBE governor does not accept requests to meet with exporters or importers,…

Shaimaa Al-Aees Shaimaa Al-Aees

CBE stabilises US dollar against Egyptian pound for 4th consecutive time

Dollar price stabilises between EGP 7.78 and EGP 7.83 at banks, and…

Hossam Mounir Hossam Mounir

Dollar to reach EGP 8 by the end of June: Emirates NDB

Depreciation can happen at a faster pace, the bank says

Daily News Egypt Daily News Egypt

Forex policies successful, could eliminate black market: Egypt Central Bank governor

Rates at which banks are allowed to trade dollars are determined by…

Daily News Egypt Daily News Egypt

Egypt business activity shrinks in May: PMI

Reuters - Business activity in Egypt shrank for the third month in a…

Daily News Egypt Daily News Egypt

Egyptian pound strengthens at central bank Forex sale

Reuters - The Egyptian pound strengthened at a central bank dollar auction…

Daily News Egypt Daily News Egypt

Egyptian pound weakens at Central Bank dollar sale

Dollar shortages have been fuelling a thriving black market.

Daily News Egypt Daily News Egypt