Tag: US dollar

Hike of US dollar strengthens currencies against Egyptian pound

Pound sterling jumps to EGP 16 and euro to EGP 13, while…

Hossam Mounir Hossam Mounir

How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?

Stability of the foreign exchange market requires the government and the CBE…

Hossam Mounir Hossam Mounir

Keeping things as they are is impossible: CBE governor

There is no intention to float the pound for now; Amer did…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

CBE stabilises Egyptian pound against the US dollar at EGP 8.78

The CBE sold roughly $118.6bn to the banks through its tender.

Hossam Mounir Hossam Mounir

The government asks for money, simply because it can: economics professor

Poor financial planning, using loans in the wrong projects are the largest…

Hisham Salah Hisham Salah

Experts forecast further devaluation of Egyptian pound: CFA Society Egypt

On 3 July, governor of the CBE Tarek Amer alluded to a…

Shaimaa Al-Aees Shaimaa Al-Aees

Building material prices expected to increase: experts

Increase in US dollar exchange rate led to 22% rise in construction…

Daily News Egypt Daily News Egypt

Will CBE devaluate the pound on Tuesday?

The market awaits the launch of the first post-Eid dollar tender to…

Hossam Mounir Hossam Mounir