Egyptian pound

Food prices will not rise due to dollar price: President Sisi
Egypt

Food prices will not rise due to dollar price: President Sisi

Food prices will not be affected by recent hikes in US dollar rates against the Egyptian pound, President Abdel Fattah…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
Business

Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday

The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Business

Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction

Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
Experts divided over Egyptian pound devaluation
Business

Experts divided over Egyptian pound devaluation

The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Business

Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction

Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
Banque Misr: dollar black market rate down to LE9
Business

Banque Misr: dollar black market rate down to LE9

The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Central bank removes dollar deposits cap for companies
Business

Central bank removes dollar deposits cap for companies

The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Obama advisor submits proposals for Egypt’s currency crisis
Business

Obama advisor submits proposals for Egypt’s currency crisis

Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…
Sawiris eyes EU50 bn bank in Luxembourg
Business

Sawiris eyes EU50 bn bank in Luxembourg

Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
Egyptian pound steady at auction, weakens on black market
Business

Egyptian pound steady at auction, weakens on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
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