Egypt’s dollar shortage
When will the ‘US dollar gap’ disappear in Egypt?
Egypt
July 12, 2023
When will the ‘US dollar gap’ disappear in Egypt?
The official spokesperson for the Egyptian Cabinet, Nader Saad announced Tuesday that the “(US) dollar gap” will disappear when dollar…
Egyptian expert predicts ease to US dollar shortage in the next year
Business
December 17, 2022
Egyptian expert predicts ease to US dollar shortage in the next year
Economic expert Hany Geneina shot down recent news that the Egyptian pound is going the same fate of the Sudanese…
US dollar exchange rate stable during Sunday trading
Economy
October 22, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Sunday morning trading within Egypt…
US dollar hits LE18 on black market as govt mulls official devaluation
Business
October 31, 2016
US dollar hits LE18 on black market as govt mulls official devaluation
The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…
Egypt non-oil business activity slows for ninth straight month in June: PMI
Business
July 10, 2016
Egypt non-oil business activity slows for ninth straight month in June: PMI
Business activity in Egypt shrank for the ninth straight month in June on the back of further declines in output,…
Egypt’s central bank sells US$118.7 million at Tuesday auction
Business
April 26, 2016
Egypt’s central bank sells US$118.7 million at Tuesday auction
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale.Egypt's pound strengthened…
Egypt pound weaker on black market amid dollar hoarding
Business
April 21, 2016
Egypt pound weaker on black market amid dollar hoarding
The Egyptian pound weakened on the parallel market on Tuesday reaching LE11 against the dollar at a time when Egypt's…
Egypt’s dollar shortage squeezes private wheat importers
Business
March 12, 2015
Egypt’s dollar shortage squeezes private wheat importers
Egypt's currency market reforms are inflicting a heavy toll on many private sector wheat traders struggling to secure shipments for…