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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 …
41% of Hermes’ One on One participants expect USD to settle at EGP 15-17
17% think it will reach EGP 13-15; 25% expect it to rise above EGP 17; 8% said it will fall below EGP 13
Dollar continues decline, expected to stand at EGP 16 in short term
The price of the pound against the dollar will reach equilibrium in the fourth quarter of 2017: Youssef
Will commodity prices go down as pound strengthens?
Companies pledge to bring prices down; others refuse due to inventory input
Does EGP improvement reflect real economic recovery?
A strong economy with a weak currency is better than a weak economy with a strong currency, says economist
Pound continues strengthening against USD, expected to settle below EGP 17 to the dollar within days
Significant increase in hard cash supply as foreigners invest in government debt instruments
Dollar falls to its lowest level in two months, settles below EGP 18
Banks see clients disposing USD, further decline in the pipeline, says chairperson of Banque Misr
Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17
Large projects and the improved climate for investment will increase economic growth, exports, and foreign trade growth, says Minister of Planning
Egyptian pound’s value drops by 98% since 1979
According to data collected from the International Monetary Fund (IMF), Bloomberg, and Beltone research, the Egyptian pound lost a lot of its value during the past four decades. Since 1979, the pound has lost approximately 98% of its value. Now, the pound can buy only 2% of what it could back in 1979, and is …
Exports increased after Egyptian pound’s flotation: Minister of Industry and Trade
Minister of Industry and Trade Tarek Kabil said that the flotation of the Egyptian pound has helped promote the country’s exports and limit its imports, according to a statement issued by Beltone Financial on Wednesday. Kabil added during Beltone Financial’s “Africa’s Era, Egypt’s Moment” conference, which is currently being held, that “the 2011 revolution impacted …
No one can say for certain at what value the Egyptian pound will stabilise against the US dollar: El-Araby
Subsidies will continue to be provided even after the economic reform programme has been completed
Egyptian pound rate to improve in H2 of 2017: Mehrem
The fair price of the US dollar is EGP 7-9, and it might decline to EGP 4-6 by 2018, if the supporting factors for the local currency continue
After full flotation of Egyptian pound, US dollar price targets cannot be specified: Aboul Fotouh
US dollar not expected to make large gains against the pound in 2017
CBE to meet 8 times in 2017 to determine future of Egyptian pound’s interest rate
Direction of interest rate depends on inflation and government strategy, say analysts
CBE prints EGP 200m worth of EGP 1, EGP 0.5 banknotes
The bank said in a statement on Thursday that it has printed EGP 100m of EGP 1 banknotes and EGP 100m of EGP 0.5 banknotes
Uncertainty clouds future of interest rate on Egyptian pound
The Monetary Policy Committee will hold its last meeting in 2016 on Thursday to review the prices of basic earnings at the CBE
World Bank approves second tranche as Egyptian pound falls, US dollar nears EGP 20
EGX hits record high on expense of the Egyptian pound
When will the Egyptian market stablise?
What we see happening now is normal, but we’re not used to it due to the fixed price of the Egyptian pound, say analysts
US dollar slips more than EGP 0.22 at CBE on Thursday
In private banks, dollar prices ranged between EGP 18.20 and EGP 18.50 for buying and EGP 18.50 and EGP 18.95 for selling
Repatriating profits of foreign companies pushes Egyptian pound down against US dollar
The price of the national currency saw devaluation on Wednesday, reaching EGP 17.8201 for buying and EGP 18.1659 for selling against the US dollar. The price on Tuesday stood at EGP 17.6749 for buying and EGP 18.0619 for selling. The price of the greenback has been increasing since Sunday, winning about EGP 0.13 since. The …