The informal market returns to scene of US dollar crisis
USD price at banks stood at EGP 17.55 to buy, and EGP…
Dollar breaks EGP 17, driven by shortage at banks
The US dollar exchange rate to the pound exceeded EGP 17.5 on…
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…
Dollar continues decline, expected to stand at EGP 16 in short term
The price of the pound against the dollar will reach equilibrium in…
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…
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…
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…
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,…
Egyptian pound’s value drops by 98% since 1979
According to data collected from the International Monetary Fund (IMF), Bloomberg, and…