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" Egyptian Pound"

300 results

Business - Economy
11/27/2022 8:26:30 PM
The Central Bank of Egypt offered on Sunday Egyptian pound-backed treasury bills (T-bills) with a total value of EGP 28.5 billion over two maturity types.

Business - Economy
11/24/2022 12:49:39 PM
Egypt has witnessed stable exchange rates of the US dollar, EGP 24.5 on average, and a slight rise of the euro, recording EGP 25.6, on Thursday morning at major banks.

Business - Economy
11/3/2022 8:49:22 PM
The Egyptian pound’s exchange rate against the US dollar dropped on Thursday to EGP 24.2 for buying and EGP 24.3 for selling, according to the Central Bank of Egypt (CBE) official exchange rate.

Business - Economy
11/2/2022 9:04:23 PM
The Egyptian pound’s exchange rate against the US dollar has remained almost unchanged at EGP 24.2 on Wednesday, weakening by more than 22 percent following a sharp depreciation last Thursday, according to figures by the Central Bank of Egypt (CBE).

Opinion -
11/2/2022 9:02:14 PM
If we only float and are satisfied with that, we will certainly pay the price twice, first in inflation and secondly in not enjoying the returns on greater investment, tourism and export.

Business - Economy
11/1/2022 5:43:00 PM
The Egyptian pound’s exchange rate declined to 24.2 against the US dollar at the end of Tuesday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).

Business - Economy
10/30/2022 7:37:00 PM
The Egyptian pound’s exchange rate fell to 24 against the US dollar at the end of Sunday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).

Business - Economy
10/27/2022 10:59:19 PM
Gold prices in the Egyptian market recorded a remarkable increase on Thursday a few hours after the latest rise in the value of the US dollar against the Egyptian currency and the rise of key interest rates.

Business - Economy
10/27/2022 10:00:48 PM
The US dollar exchange rate recorded a rise of 3.15 pounds at the end of Thursday's transactions at Egypt's major banks.

Business - Economy
10/27/2022 3:19:48 PM
The Egyptian pound fell on Thursday during trading hours by 17 percent against the US dollar and 19 percent against the euro as the Central Bank of Egypt adopts a "flexible exchange-rate regime" as part of the new economic reform programme.

Business - Economy
10/27/2022 12:20:30 PM
The National Bank of Egypt (NBE) issued on Thursday a three-year-maturity platinum saving certificate with an annual yield of 17.25 percent.

Business - Economy
10/26/2022 12:21:51 PM
Egypt has witnessed stable exchange rates of the US dollar and the Euro currencies at the beginning of Wednesday transactions at major banks.

Business - Economy
10/25/2022 10:51:06 PM
Reaching a deal with the International Monetary Fund (IMF) and launching an index for the Egyptian pound were among the top recommendations suggested by the Egypt Economic Conference 2022 as it concluded on Tuesday.

Business - Economy
10/23/2022 11:24:36 PM
The Central Bank of Egypt (CBE) is working on setting an index for the Egyptian pound that will be linked to a basket of gold and other currencies besides the US dollar, the CBE’s acting governor Hassan Abdalla said on Sunday.

Business - Economy
10/23/2022 3:49:10 PM
Egypt’s Prime Minister Mostafa Madbouly affirmed on Sunday that Egypt prioritises curbing inflation over the issue of exchange rate, stressing that the devaluation of the Egyptian pound does not mean that the economy is in a bad situation.

Business - Economy
10/18/2022 4:47:32 PM
The exchange rates for the US dollar and Euro at the beginning of Tuesday's transactions in major banks in Egypt were stable.

Al-Ahram Weekly - Egypt
10/12/2022 11:13:00 AM
The Central Bank of Egypt is taking measures to support the Egyptian pound as inflation continues to rise

Business - Economy
9/28/2022 2:51:00 PM
The Egyptian pound plunged to a new low against the US dollar on Wednesday amid a shortage in foreign currency in the country.

Business - Economy
9/17/2022 8:59:22 PM
Moscow uses local currency settlement mechanism in trade exchange between Russia and Egypt - mutual acceptance of payments in the Russian ruble or the Egyptian pound - amid western sanctions that have blocked the country's access to the dollar and euro since the start of the Ukraine crisis, Russian Ambassador to Cairo Georgy Borisenko said.

Business - Economy
9/1/2022 11:08:00 PM
Since the onset of the war in Ukraine in March, the Egyptian pound has been devalued by over 20 percent against the US dollar, reaching the highest level of inflation since the implementation of the IMF-backed economic reform programme in late 2016.

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