Tag: egyptian pound

Egyptian pound fist to fist with US dollar yet again

Local currency began appreciating again by 21 piastres in four days, market…

Hossam Mounir

USD leaps against EGP, records EGP 18.10 at banks

Demand on USD for Ramadan importations accelerate pound depreciation

Mohamed Ayyad

The Pound losing ground despite rising stock prices

In November, the Egyptian administration floated the Egyptian pound to secure a…

Daily News Egypt

The future of product prices is unpredictable

Experts, businesspeople, and investors remain unsure about whether the prices will be…

Hisham Salah

The informal market returns to scene of US dollar crisis

USD price at banks stood at EGP 17.55 to buy, and EGP…

Hisham Salah

Dollar breaks EGP 17, driven by shortage at banks 

The US dollar exchange rate to the pound exceeded EGP 17.5 on…

Hossam Mounir

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…

Hossam Mounir

Dollar continues decline, expected to stand at ​EGP​ 16 in short term

The price of the pound against the dollar will reach equilibrium in…

Hossam Mounir

Will commodity prices go down as pound strengthens?

 Companies pledge to bring prices down; others refuse due to inventory input

Samira Saeed

Does EGP improvement reflect real economic recovery?

A strong economy with a weak currency is better than a weak…

Mohamed Ayyad