Exchange Rate

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 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.

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.

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.

Dollar exchange rate down at Egypt's major banks

Thu, 05 Mar 2020 - 02:02 GMT

At the National Bank of Egypt, the dollar rate receded four piasters, standing at LE 15.58 for buying and LE 15.68 for selling.

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.

Mixed performance for dollar price at Egypt's major banks

Mon, 24 Feb 2020 - 03:43 GMT

The dollar exchange rate at the Central Bank of Egypt remained stable at LE 15.49 for buying and LE 15.59 for selling, losing about 50 piasters since the start of 2020.

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.

Planning Min. reviews reasons behind Egyptian Pound’s rise against Dollar

Thu, 20 Feb 2020 - 02:14 GMT

The exchange rate declined below levels of LE 16 to the dollar in December and continued to drop, reaching levels of LE 15.64 at the moment, which is due to several factors.

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.

Dollar prices down at Egypt's major banks

Sun, 09 Feb 2020 - 05:10 GMT

At the National Bank of Egypt and Banque Misr, the dollar rate declined by two piasters, recording LE 15.71 for buying and LE 15.81 for selling.

US dollar remains stable during Monday transactions

Mon, 03 Feb 2020 - 01:09 GMT

At the National Bank of Egypt and Banque Misr the dollar price recorded LE 15.75 for buying and LE 15.85 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.

Dollar prices stable in Egypt's major banks

Tue, 24 Dec 2019 - 12:39 GMT

The dollar rate has declined by more than LE 1.85 pounds since the start of 2019.

Dollar prices stable at Egypt's major banks

Wed, 18 Dec 2019 - 11:58 GMT

The dollar rate has declined by more than LE 1.85 pounds since the start of 2019.

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