Foreign Exchange
The LE is currently trading at approximately LE 49.14 to the dollar locally, deepening the losses from October and reflecting broader economic challenges
Egypt’s Administrative Control Authority succeeded in arresting an illegal formation specialized in foreign exchange trading
Foreign currencies inflows to banks operating in Egypt has risen to more than $75 billion since the flotation of the Egyptian Currency.
The dollar edged lower against a trade-weighted basket of currencies on Monday after posting its biggest weekly drop in three weeks as expectations of U.S.
China's yuan firmed against the U.S. dollar on Monday after the central bank guided the currency higher for the fifth straight day.
IMF's mission chief for Egypt said that raising fuel prices will free up resources for health and education .
The U.S. dollar exchange rate stabilized against the Egyptian pound in major banks on Thursday
Total flows of foreign exchange reserves reached $19.2 billion since the flotation of the Egyptian pound in November 2016, according to a Central Bank of Egypt (CBE) statement Tuesday.
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