Economic reforms boost appetite for the Egyptian pound - Financial Times
The pound has strengthened by about 14 per cent against the greenback since the beginning of the month, during which time Egypt sold more than a $1bn worth of treasuries to foreign investors. Cairo also issued a $4bn eurobond at the end of January that ...
World-Topping Rally Too Much for Egyptian Pound's Own Good - Bloomberg
Egypt's November decision to relinquish control of its currency has been successful. It has cut the value of the pound by half and that of stocks by a third, making them magnets for foreign investors. But that has also created a dilemma for the ...
EGP exchange rate against USD remains stable - Daily News Egypt - Daily News Egypt
The Egyptian pound continued to stabilise against the US dollar on Thursday, at its lowest level in two months, settling below EGP 16 for the first time since 8 December 2016. During the last month the Egyptian pound regained some of it's value against ...
What Devaluing the Egyptian Pound Really Means for Many of Us - Egyptian Streets
When Egypt's Central Bank floated the Egyptian Pound back in November 2016 as an inevitable tactic to comply with one of the IMF's requirements, experts were mostly concerned with the painful economic impacts that such a decision brought about ...
The Trials Of The Egyptian Pound - Seeking Alpha
While the pound has recovered slightly, currently standing at about EGP 18.45 to the dollar, the average Egyptian lost over half of their savings and had their monthly income cut substantially. Given Egypt's dependence on imports, the devaluation of ...altro »
Egyptian pound strengthens on weaker dollar demand from importers - Al-Arabiya
The Egyptian pound strengthened on Sunday, reaching a three month high, as importers' demand for dollars at banks eased, bankers told Reuters on Sunday. Banks were selling dollars at around 15.8 pounds per dollar on Sunday, stronger than Thursday's ...altro »
Does EGP improvement reflect real economic recovery? - Daily ... - Daily News Egypt
Is the improvement of the price of the Egyptian pound against the US dollar owed to the recovery of the real economy? This question is being posed by many people during the significant decline of the dollar against the pound, which reached 12% since ...
Pound continues strengthening against USD, expected to settle ... - Daily News Egypt
The Egyptian pound continued to strengthen against the US dollar on Monday, amid expectations of gaining more power and estimates of settling below EGP 17 per USD within the coming few days. The price of the US dollar at the Central Bank of Egypt ...altro »
Egyptian pound strengthens as foreign investors return - Yahoo Finance
CAIRO, Feb 9 (Reuters) - The Egyptian pound strengthened at banks as foreign investor confidence picked up and backlogs of U.S. dollar orders to finance imports eased, bankers and economists told Reuters on Thursday. The U.S. dollar was being bought ...
Egyptian pound's value drops by 98% since 1979 - Daily News Egypt - Daily News Egypt
According to data collected from the International Monetary Fund (IMF), Bloomberg, and Beltone research, the Egyptian pound lost a lot of its value during the past four decades. Since 1979, the pound has lost approximately 98% of its value. Now, the ...altro »