Tag: US dollar

Dollar breaks EGP 17, driven by shortage at banks 

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

Hossam Mounir Hossam Mounir

EGP loses ground to USD, falls to EGP 16.3 at NBE, Banque Misr

The Egyptian pound losing ground to the US dollar will last for…

Mohamed Ayyad Mohamed Ayyad

Reducing price of products depends on stability of US dollar

After the Ministry of Finance reduced the price of the US dollar…

Hisham Salah Hisham Salah

Will commodity prices go down as pound strengthens?

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

Samira Saeed Samira Saeed

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…

Hossam Mounir Hossam Mounir

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…

Hossam Mounir Hossam Mounir

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,…

Mohamed Ayyad Mohamed Ayyad

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…

Ahmed Farahat Ahmed Farahat

US dollar supply at banks increase, demand cools 

Banks operating in the local market are experiencing a US dollar supply…

Hossam Mounir Hossam Mounir

92% of offers on US dollar-denominated bonds came from investment funds or banks: Kojak

High demand on US dollar-denominated bonds caused rise in issuance value, says…

Hisham Salah Hisham Salah