Egyptian pound

Central bank offers US$75 mln at 2nd currency auction
Business

Central bank offers US$75 mln at 2nd currency auction

  Egypt's central bank said it was offering to sell US$75 million to banks on Monday at its second foreign currency…
Egypt pound hits record low under new currency regime
World

Egypt pound hits record low under new currency regime

The Egyptian pound hit a record low on Sunday of about 6.30 to the dollar after the central bank introduced…
Egypt starts currency auctions, says reserves critical
Business

Egypt starts currency auctions, says reserves critical

Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which…
Pound weakens to near 8-year low as IMF talks resume
Business

Pound weakens to near 8-year low as IMF talks resume

The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Central Bank happy with value of pound: official
Business

Central Bank happy with value of pound: official

Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…
IMF did not ask for devaluation of the Egyptian pound, says official
Egypt

IMF did not ask for devaluation of the Egyptian pound, says official

  Central Bank of Egypt governor Farouk al-Oqda said that the Egyptian economy is getting better and that, contrary to…
Qandil holds meeting to lure investors to Egypt
Business

Qandil holds meeting to lure investors to Egypt

Prime Minister Hesham Qandil met with 20 potential investors on Monday to discuss opportunities in the Egyptian market. Coming from…
Egypt’s Central Bank sells 513 mn euros of T-bills
Business

Egypt’s Central Bank sells 513 mn euros of T-bills

Egypt's Central Bank sold 513 million euros (US$642 million) worth of euro-denominated T-bills at an inaugural auction on Tuesday, and…
Morsy rules out currency devaluation
Business

Morsy rules out currency devaluation

  Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
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