Egypt’s government prefers now a more flexible exchange rate to support an economy that has come under …
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Egyptian currency
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Featureforex newsThe Watch
Egypt’s pound strengthens 7.6% against U.S. dollar in 7 months
by Ahmed Aliby Ahmed AliThe Egyptian pound strengthened by 7.6 percent against the U.S. dollar since the beginning of the year, …
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Financial Institutions
World’s deepest devaluation tempts foreign investors back to Egyptian market
by Yomna Yasserby Yomna YasserAs Egypt reaps the rewards of an intense devaluation, it has managed to tempt foreign investors back …
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Financial Institutions
Making Egyptian pound exchange price more flexible is essential: IMF
by Yomna Yasserby Yomna YasserIncreasing the flexibility of the Egyptian currency’s exchange price is an essential part of the government’s programme; …
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forex news
Egyptian currency surprisingly up by 0.20 pounds against dollar
by Yomna Yasserby Yomna YasserEgypt’s central bank boosted the currency by 0.20 pounds to record 7.7301 to the dollar Wednesday, bankers …
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Banks
Egypt state banks launch products to support national currency
by Yomna Yasserby Yomna YasserEgypt’s two largest state-run banks have launched savings certificates for Egyptian pounds with an interest rate of …
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Egypt has become the victim of its own success in clamping down on the black market for …
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The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at …
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forex news
In Week: US Dollar Surges 0.3% Against Egyptian Pound, Euro Falls 1.4%
by Yomna Yasserby Yomna YasserThe exchange rate of the Egyptian currency continued to fall against the U.S. dollar during the previous …
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Dr. Fakhry El-Feky, former assistant to the executive director of the International Monetary Fund (IMF), has ruled …
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