Egyptian pound

Egyptian pound remains stable against US dollar
Business

Egyptian pound remains stable against US dollar

The Egyptian pound remained stable against the US dollar on Monday, selling between EGP 18.75-19.09 to the dollar in some banks.The Commercial…
Egypt on track to receive 2nd tranche of IMF loan
Egypt

Egypt on track to receive 2nd tranche of IMF loan

Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Egyptian pound strengthens: around 18 per dollar in banks
Business

Egyptian pound strengthens: around 18 per dollar in banks

The Egyptian pound remained steady at around 18 per US dollar in most banks on Sunday.The dollar was sold at…
Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%
Business

Senior ‘Economist’ analyst expects Egyptian pound value to rise by 14%

Simon Baptist, the Global Chief Economist at The Economist Intelligence Unit, expected the value of the Egyptian pound to increase by 14 percent  against the…
US dollar exceeds the LE19 mark
Business

US dollar exceeds the LE19 mark

The US dollar exchange rate has hit a new high of LE18.75 for purchasing and LE18.95 for selling, up from…
Egypt’s Sisi says pound will strengthen over coming months
Egypt

Egypt’s Sisi says pound will strengthen over coming months

Egyptian President Abdel Fattah al-Sisi said on Thursday that the country's currency, the pound, was not valued fairly against the…
Egyptian pound weakens as forex restrictions ease
Egypt

Egyptian pound weakens as forex restrictions ease

The Egyptian pound weakened further against the dollar on Thursday as some banks took advantage of a loosening of restrictions…
US dollar hits highest level against local currency this week
Egypt

US dollar hits highest level against local currency this week

The Central Bank of Egypt announced Thursday that the US dollar soars to its highest level against the Egyptian pound…
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt

Egypt stock index climbs 2.0 pct at opening; financials lead

Egypt's stock market surged in early trade on Sunday, led by financial companies' shares, on hopes that the economy will…
Timeline: The Egyptian pound over the last five decades
Egypt

Timeline: The Egyptian pound over the last five decades

The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…
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