Latest in Tag: egyptian pound Highlight
Latest in Tag: egyptian pound
Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
Local currency is likely to see further gains against US dollar in 2021
Economic reforms give Egyptian pound flexibility, resistance against shocks: Hala El-Said
Most international institutions have praised Egypt’s economy, steps taken by government to confront COVID-19, says Planning Minister
Egyptian pound continues upmove against US dollar on increased FX inflows
Egypt buoyed up by recent IMF’s, international market’s cash injections estimated at $10bn
US dollar depreciates by 19 piasters against Egyptian pound last week
Egypt’s import bill has generally decreased, on back of commensurate decrease in demand for foreign exchange, says economic expert
US dollar appreciation against Egyptian pound deepens mobile market losses
Mobile prices also affected by higher shipping costs on back of global pandemic
New IMF loan slows down US dollar appreciation against Egyptian pound
Egypt’s foreign reserves fall to $36.0037bn in May, from $37.037bn in April, says CBE
Recent devaluation of Egyptian pound against US dollar normal, temporary: banking pundit
Like all currencies worldwide, local currency bound to be affected by current exceptional circumstances
Dollar adds 6 pt for its value against Egyptian pound, records EGP 15.65 at end of Monday’s trading
On Monday, the official price of the dollar at the Central Bank of Egypt (CBE) reached EGP 15.6543 for buying and EGP 15.7761 for selling, compared to EGP 15.5865 for buying and EGP 15.713 for selling on Sunday.
US dollar appreciates 10 pt against Egyptian pound
The official price of the dollar at the Central Bank of Egypt (CBE) on Monday reached EGP 15.5856 for buying, and EGP 15.7149 for selling, compared to EGP 15.4784 pounds for buying, and EGP 15.6071 for selling on 23 February.
Egyptian pound appreciates to its highest since flotation
Banque Misr received $2bn in January, $15.6bn in 2019: El-Etreby
Egyptian pound gains about 14 piasters against US dollar since Wednesday
The Egyptian pound appreciated by about 14 piasters against the US dollar since last Wednesday, gaining on Monday about 6 piasters in comparison to Sunday’s exchange rate, which was EGP15.92 to sell and EGP16.05 to buy.
Egyptian pound gains 5 piasters against the US dollar despite CBE’s interest rate cut
The average official price of the US dollar at the Central Bank of Egypt (CBE) fell to EGP 16.2186 for buying and EGP 16.3186 for selling on Sunday, down from EGP 16.2669 for buying and EGP16.3669 for selling last Thursday.
Egyptian banks to record strong loan growth, EGP to stabilise: Fitch Solutions
Haftar’s Tripoli offensive could spiral out of control, yet fiscal deficit expected to narrow
Egyptian pound continues value upward trend against US dollar
US currency lost over EGP 1 since beginning of 2019, including 34 piasters in May
US dollar at lowest level since March 2017
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
US dollar loses 5 piasters against Egyptian pound on Wednesday
The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday. The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching …
US dollar records lowest level against Egyptian pound since March 2017
Pound value against dollar gains over 23 piasters in March, 62 piasters since January
US dollar loses 5 piasters against Egyptian pound on Monday
Banks receive over $4bn FX inflows in January, February, says senior bank official
US dollar hits its lowest in two years
US currency lost 8.11 piasters last week, losing 49 piasters since January 2019
Goldman Sachs forecasts stronger pound, Morgan Stanley foresees volatility
Although there is no immediate pressure on currency to weaken, yet uncertainty over exchange rate will likely lead to fewer foreign inflows
US dollar continues to fall against pound, losing 7 piasters
Market watching exchange trade trend, amid expectations of further appreciation of pound
Egyptian pound’s performance improves BOP: JP Morgan
Bank forecasts a current account surplus of 1.4% of GDP in 2019/20, as per report
FX stabilises again after reaching 10-month high
Fluctuation is healthy under supply, demand, says Abdel Aal
In Video: With black market gone, Egyptian pound stable: Finance Minister
Egyptian pound fist to fist with US dollar yet again
Local currency began appreciating again by 21 piastres in four days, market awaits its trend until the end of the year
USD leaps against EGP, records EGP 18.10 at banks
Demand on USD for Ramadan importations accelerate pound depreciation
The Pound losing ground despite rising stock prices
In November, the Egyptian administration floated the Egyptian pound to secure a loan from the International Monetary Fund (IMF)
The future of product prices is unpredictable
Experts, businesspeople, and investors remain unsure about whether the prices will be hiking or dropping in the future
The informal market returns to scene of US dollar crisis
USD price at banks stood at EGP 17.55 to buy, and EGP 17.70 to sell
Dollar breaks EGP 17, driven by shortage at banks
The US dollar exchange rate to the pound exceeded EGP 17.5 on Tuesday, marking its highest level over the past two weeks. The depreciation comes as demand builds up to cover importation, leaving banks with a shortage. The greenback began a wave of strengthening again since last week, continuing its movement upwards to reach EGP …