Egyptian pound

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.

Governor of Egypt’s Central Bank expects pound to rise against dollar

Mon, 30 Mar 2020 - 12:36 GMT

CBE’s governor referred to global talks about how Egypt preceded the current conditions by controlling the economy.

Egyptian Pound to be included within "Beni" platform for Arab payments

Mon, 23 Mar 2020 - 02:21 GMT

This step comes in preparation for the launch of the "Beni" platform for Arab payments of the fund.

Dollar exchange rate inches up at Egypt's major banks

Wed, 11 Mar 2020 - 12:09 GMT

At the Central Bank of Egypt, the dollar rate went up by one piaster to register LE 15.66 for buying and LE 15.78 for selling.

Dollar price records rise of 5 piasters amid disturbance in international markets

Mon, 09 Mar 2020 - 12:56 GMT

The US dollar jumped five piasters in most Egyptian banks recording LE 15.65 for buying and LE 15.75 for selling at Al Ahli bank of Kuwait K.S.C.

US dollar recovers, Egyptian pound maintains gains

Thu, 27 Feb 2020 - 04:56 GMT

The US currency gained two more piasters, making its rate ranges at banks between LE 15.53 to LE 15.57 for buying and LE 15.63 to LE 15.67 for selling.

Dollar exchange rate down at Egypt's major banks

Thu, 20 Feb 2020 - 04:09 GMT

At the Central Bank of Egypt, the dollar rate went down by two piasters to register LE 15.54 for buying and LE 15.64 for selling.

US dollar price goes down at Egypt's major banks

Tue, 18 Feb 2020 - 02:06 GMT

The Egyptian pound continues to rise against the US dollar, recording its highest value in three years today.

US dollar price goes down at Egypt's major banks

Sun, 16 Feb 2020 - 01:51 GMT

The Egyptian pound continues to rise against the US dollar, recording its highest value in three years today.

US dollar price remains stable during Tuesday's transactions

Wed, 12 Feb 2020 - 01:34 GMT

At the National Bank of Egypt and Banque Misr the dollar price recorded LE 15.68 for buying and LE 15.78 for selling.

Egyptian pound to hit LE17/$ by end of 2020: Capital Economics

Tue, 28 Jan 2020 - 01:21 GMT

It also anticipated that the Central Bank of Egypt (CBE) to resume its easing cycle and lower interest rates by 225bp, to 10 percent by end-2020.

Dollar rate down at Egypt's major banks

Wed, 15 Jan 2020 - 11:31 GMT

At the National Bank of Egypt and Banque Misr, the dollar rate declined two piasters, recording LE 15.83 for buying and LE 15.93 for selling.

Egyptian pound maintains upward trend as inflows pick up

Wed, 15 Jan 2020 - 10:01 GMT

Local banks saw $1.7 billion of inflows in the five days through Jan 13, the Central Bank of Egypt (CBE) said in a statement.

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