local currency
Eight banks increase US dollar exchange rate
Business
February 21, 2017
Eight banks increase US dollar exchange rate
Eight banks have raised their exchange rates for the US dollar between three to eight piasters, after three weeks of…
Egypt’s fuel subsidy bill jumps after currency float
Business
February 9, 2017
Egypt’s fuel subsidy bill jumps after currency float
Egypt's fuel subsidy bill jumped 46 percent to 38 billion pounds ($2.11 billion) in the first half of the 2016-17…
Egypt pound hits 5.8 to the dollar; food prices inch upwards
Business
December 30, 2010
Egypt pound hits 5.8 to the dollar; food prices inch upwards
Food prices were subject to several incremental increases this year due to a corresponding rise in the value of the…
Egyptian pound falls to lowest level against dollar since 2007
Business
September 9, 2010
Egyptian pound falls to lowest level against dollar since 2007
The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
Coinage pumped into local market to meet Ramadan liquidity demand
Business
September 5, 2010
Coinage pumped into local market to meet Ramadan liquidity demand
The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
Economists fear impact of Egypt pound’s slide against dollar
Business
September 1, 2010
Economists fear impact of Egypt pound’s slide against dollar
After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…