Egyptian pound

Capital Economics expects Egyptian pound to fall 18% to 24/$ by end-2023 if not sooner

Thu, 27 Oct 2022 - 12:19 GMT

“The move will result in some short-term economic pain but it will help to get an IMF deal over the line and go a long way to restoring macroeconomic stability,” it stated.

Egypt not tied to dollar, pound index to be conducted: CBE governor

Mon, 24 Oct 2022 - 10:29 GMT

He noted during Egypt’s Economic Conference that the CBE enjoys complete independence, and at the same time there is coordination with the government and the private sector as well.

Dollar exchange rate surpasses LE19 at Egypt's major banks

Tue, 02 Aug 2022 - 03:34 GMT

The US dollar rate increased by 5 piasters for buying and selling.

Egyptian pound to reach LE21/$ by end of 2022 with further fall to take place

Mon, 01 Aug 2022 - 04:41 GMT

The economics company also anticipated a 16 percent decrease by the end of 2024 to record 25 per dollar.

Egypt's central bank for Egyptian pound holder to be winner in medium term

Wed, 18 May 2022 - 02:50 GMT

"The exchange rate was corrected due to the Ukrainian war in March and as a result foreign exchange earnings increased,” the CBE’s governor stated.

Exchange department: 300% increase in dollar selling rate

Thu, 24 Mar 2022 - 04:35 GMT

Hariri noted that a large group of customers untied their dollar-saved bank deposits and bought Egyptian pounds to benefit from the proceeds of the one-year certificates offered by the two state-owned banks.

Dollar exchange rate increased between 28-30 piasters against Egyptian pound

Tue, 22 Mar 2022 - 02:41 GMT

The dollar rate registered LE 18.45 for buying and LE 18.55 for selling at the Commercial International Bank (CIB).

Egyptian pound remains stable against foreign currencies

Thu, 23 Dec 2021 - 04:34 GMT

Egypt's foreign cash reserves have been on the rise since June 2020.

Egypt's central bank denies stoppage of dealing with fiat pound in the market

Thu, 11 Mar 2021 - 01:51 GMT

The Media Center of the Cabinet said in a statement, that it had contacted the Central Bank of Egypt, which denied the news, stressing that it was untrue to cancel dealing with the pound banknote in the markets.

Egyptian pound records its highest value against dollar since October 2016

Wed, 10 Mar 2021 - 04:18 GMT

The exchange rate has witnessed a continuous decline since June 2020, to record LE 15.7 in November, to stabilize until February 2021.

Cabinet: EGP among best world currencies against dollars in 4 years

Mon, 15 Feb 2021 - 10:44 GMT

A report published by the center said the exchange rate is one of the key indicators of economic strength of world countries.

Dollar down 35 piasters against pound in 10 months

Sun, 01 Nov 2020 - 01:50 GMT

The dollar price dropped from LE 15.99 for buying and LE 16.09 for selling on January 1 to LE 15.64 for buying and LE 15.74 for selling on October 31.

Dollar exchange rate down at Egypt's banks

Mon, 31 Aug 2020 - 02:57 GMT

The dollar rate declined to its lowest rate at Credit Agricole registering LE 15.80 for buying and LE 15.90 for selling

Cabinet: EGP best performance among emerging markets currencies over 3 years

Mon, 13 Jul 2020 - 11:29 GMT

The Egyptian pound is the least affected by the coronavirus ramifications, a matter which proves the State's successful policies at the economic level, according to an infographic.

Hermes to MENA: Hike in foreign currency reserve supports Egyptian pound against US dollar

Wed, 08 Jul 2020 - 04:15 GMT

In exclusive statements to MENA, Head of Research at EFG Hermes Ahmed Shams El Din said this is considered the first hike in foreign currency reserves since the outbreak of COVID-19 in March.

Dollar drops versus pound recording LE16.01 for buying at 11 banks

Mon, 06 Jul 2020 - 02:59 GMT

The optimistic expectations are backed by the increase in the foreign currency in Egypt due to the return of tourism and foreign investment.

Dollar drops versus pound recording LE 16.1 for buying, LE 16.2 for selling

Wed, 24 Jun 2020 - 05:56 GMT

The dollar rate declined one piaster, standing at LE 16.1 for buying and LE 16.2 for selling, according to a statement by the National Bank of Egypt.

Egyptian pound achieved great performance against USD compared to emerging markets – Bloomberg

Fri, 12 Jun 2020 - 07:30 GMT

The Egyptian pound has achieved a great performance against the US dollar since the beginning of 2020 compared to other emerging markets despite the coronavirus pandemic that is rocking the whole world, Bloomberg statistics noted on Thursday.

Capital Economics expects 7.5% depreciation of Egyptian Pound after turning to IMF

Tue, 28 Apr 2020 - 03:36 GMT

The report affirmed that the immediate concern for the IMF is likely to be the exchange rate.

Capital Economics expects Egyptian currency to decline 7.5% by end of 2020

Thu, 09 Apr 2020 - 09:08 GMT

It clarified the decline will take place as the Egyptian authorities would loosen their grip on the pound over the coming weeks.