US dollar

Will evaluating the Egyptian pound against ruble affect the price of the dollar in Egypt?
Business

Will evaluating the Egyptian pound against ruble affect the price of the dollar in Egypt?

The Central Bank of Russia has announced on Wednesday the official rates of the ruble against nine other foreign currencies.…
Egyptian expats in the US to support home economy with US$2 billion
Business

Egyptian expats in the US to support home economy with US$2 billion

The Egyptian community in the United States of America launched the “Be Positive, Egyptian” initiative to support the Egyptian economy,…
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
Main Slider

Egyptian pound tumbles to LE30 against US dollar, breaking all previous records

The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…
Egypt rationalizes spending on US dollar-consuming projects
Egypt

Egypt rationalizes spending on US dollar-consuming projects

Egypt’s government on Monday moved to postpone any new projects not yet implemented  and with a clear US dollar component,…
Egypt’s government assures US dollar crisis is on its way to a solution
Egypt

Egypt’s government assures US dollar crisis is on its way to a solution

The spokesperson for the Egyptian Cabinet, Nader Saad, said that the US dollar crisis is on its way to being…
Egypt will start collecting train ticket prices in US dollars from foreigners starting January
Egypt

Egypt will start collecting train ticket prices in US dollars from foreigners starting January

  The Egyptian Transport Minister Kamel al-Wazir announced that the Egyptian National Railway authority (ENR) will start collecting train tickets’…
Limiting use of bank cards abroad prevents manipulation, says Egyptian expert
Egypt

Limiting use of bank cards abroad prevents manipulation, says Egyptian expert

Egyptian economist Hani Abul-Fotouh said that the withdrawal of foreign currency from outside the country using Egyptian bank cards is…
MP calls on govt to clarify plans about floating the Egyptian pound
Economy

MP calls on govt to clarify plans about floating the Egyptian pound

Member of the Egyptian Parliament, Amira Abu Shaqqa, called on the Ministry of Industry and Trade to draw up a…
Hani Genena reveals April as date of US dollar exchange rate stability
Business

Hani Genena reveals April as date of US dollar exchange rate stability

Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came…
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