LE

Stabilizing after the float, LE stands firm at under LE 50 against USD

Thu, 07 Mar 2024 - 01:26 GMT

In the 24 hours after the Central Bank of Egypt's (CBE) decision to float the Egyptian pound on Wednesday, leading to a significant decline of 62 percent in value, the pound displayed resilience

Devaluation will raise pound to LE45-50 against USD: JP Morgan

Sun, 11 Feb 2024 - 06:01 GMT

JP Morgan expects that any currency adjustment will be accompanied by an increase in deposit interest rates by an additional 2 percent

Devaluation of LE could persuade USD holders to deposit FX into banks to close rate gap

Mon, 22 Jan 2024 - 05:26 GMT

The committee head stressed that certain requirements must be met prior to any devaluation or currency adjustment, emphasizing the need for a sustained decline in inflation rates.

Morgan Stanley suggests phase devaluation as it renews economic reforms post-election

Wed, 13 Dec 2023 - 03:19 GMT

In a research note seen by the news outlet, Morgan Stanely suggested Egypt implement a “phased devaluation of the pound in the short term, rather than a complete floatation of the exchange rate” rather than a free float

What the Egyptian government did to restore the make local currency stronger?

Sat, 08 Jun 2019 - 01:38 GMT

Foreign Policy published an article indicating that the Egyptian Economy is "collapsing," but they ignored the bold economic reforms the government made.

Dollar exchange rate stable at major banks in Egypt

Thu, 08 Mar 2018 - 10:42 GMT

The dollar rate reached LE 17.55 for buying and LE 17.65 for selling at the National Bank of Egypt and Banque Du Caire.

Dollar rate set at LE 17.5 in Egypt budget - gov't sources

Tue, 06 Mar 2018 - 07:40 GMT

The rate the sources cited would represent a slight strengthening of the pound, which is currently around 17.6 to the dollar.

Dollar exchange rate stable at major banks in Egypt

Thu, 01 Mar 2018 - 03:29 GMT

The dollar rate reached LE 17.56 for buying and LE 17.66 for selling at the National Bank of Egypt and Banque Du Caire.

Dollar exchange rate slightly down at major Egyptian banks

Tue, 27 Feb 2018 - 11:41 GMT

The dollar price was down by one piaster recording LE 17.56 for buying and LE 17.66 for selling at the National Bank of Egypt.

Dollar exchange rate goes down at Egypt's major banks

Mon, 26 Feb 2018 - 01:59 GMT

The dollar price was down by two piasters recording LE 17.57 for buying and LE 17.67 for selling at the National Bank of Egypt.

Dollar exchange rate shows varied performance at major banks

Sun, 25 Feb 2018 - 12:33 GMT

The dollar exchange rate remained stable, recording LE 17.59 for buying and LE 17.69 for selling at the National Bank of Egypt.

Business News Wrap-Up

Thu, 22 Feb 2018 - 03:43 GMT

A wrap-up of the most prominent business news of the day

Dollar exchange rate shows varied performance at major banks

Thu, 22 Feb 2018 - 11:53 GMT

The dollar exchange rate dropped one piaster recording EGP 17.59 for buying and EGP 17.69 for selling at the National Bank of Egypt.

Dollar exchange rate stable at Egypt's major banks

Mon, 19 Feb 2018 - 12:00 GMT

The US dollar exchange rate was relatively stable during morning transactions at major banks Monday.

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