Egypt’s annual urban consumer inflation rate surged to 32.7 percent year-on-year in March, up from 31.9 percent …
egypt’s currency
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BanksEgypt NewsFeatureforex newsMoneyNewsThe Watch
Hassan Abdalla: Egypt’s central bank plans to launch currency hedged indicator
Egypt’s central bank plans to launch a currency hedged indicator as part of a hedging mechanism to …
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FeatureIndustry & TradeTech/AI
Egyptian companies’ profits hike on benefits of currency float: Bloomberg
For any central bank balking at freeing up its currency for the fear of inflicting pain on …
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Egyptian President Abdel Fattah al-Sisi said Thursday that the country’s currency, the pound, was not valued fairly …
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Financial Institutions
Egypt’s currency float move to spur foreign investments: market regulator
by Yomna Yasserby Yomna YasserEgypt’s move to freely float the local pound will contribute to support and boost non-banking financial activities, …
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Financial Institutions
IMF expects board to consider Egypt $12 billion loan within weeks
by Yomna Yasserby Yomna YasserThe International Monetary Fund announced Thursday that a $12 billion loan programme for Egypt should soon be …
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forex news
Egyptian pound hits record low to 12.90 against dollar on black market
by Yomna Yasserby Yomna YasserEgypt’s currency has weakened to a record low of 12.90 against the dollar on the black market …
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Banks
Egypt central bank partially devalues Egyptian pound to 8.85 per dollar
by Yomna Yasserby Yomna YasserEgypt’s central bank has partially depreciated the Egyptian pound to 8.85 per dollar from 7.73 in an …
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Bank of America Merrill Lynch said Sunday it would hold Egypt at Marketweight as lower oil prices …
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forex news
Currency devaluation not to affect Egypt’s imports: minister
by Yomna Yasserby Yomna YasserThe devaluation of the Egyptian pound will not increase the prices of the country’s imports, which are …