Foreign Exchange

Egyptian pound gains on the USD amid EGX recovery, hits lowest rate in months

Thu, 22 May 2025 - 12:15 GMT

The LE is currently LE 49.89 against the greenback, down from yesterday’s close of LE 49.93. (May 22, 3 PM).

Egyptian pound strengthens against USD during weekend

Sun, 18 May 2025 - 01:19 GMT

On Saturday, the exchange rate for the USD fell to approximately LE 50.08 for buying, with selling prices ranging between LE 50.18 and LE 50.22 across most local banks.

Global tariff tensions impact Egypt’s currency and stock exchange

Mon, 07 Apr 2025 - 12:40 GMT

By the end of the trading session, the dollar closed at LE 51.0564 for buying and LE 51.1944 for selling, up from LE 50.5296 and LE 50.6669 at the close of the previous week

Egypt’s Foreign Exchange Receipts Surge by 30.8 Percent in FY2023/2024

Wed, 19 Feb 2025 - 10:43 GMT

The surge in foreign exchange inflows was largely fueled by an increase in foreign direct investment (FDI), which totaled $32.9 billion during the fiscal year.

“Pound is ‘well-supported’ in short-term:” Goldman Sachs reveals key insights from last week’s visit

Tue, 21 Jan 2025 - 12:20 GMT

The report highlights several crucial factors influencing Egypt's economic trajectory, with a particular focus on policy changes, inflation concerns, and the persistent challenges surrounding structural reforms

Egyptian Pound slips into LE 49 against USD as IMF-Egypt review starts on Tuesday

Tue, 05 Nov 2024 - 01:43 GMT

The LE is currently trading at approximately LE 49.14 to the dollar locally, deepening the losses from October and reflecting broader economic challenges

ACA arrests 23 gang members accused of trading in foreign exchange illegally

Tue, 26 Mar 2019 - 05:23 GMT

Egypt’s Administrative Control Authority succeeded in arresting an illegal formation specialized in foreign exchange trading

Foreign currency inflows to banks reach $75B

Wed, 04 Apr 2018 - 02:23 GMT

Foreign currencies inflows to banks operating in Egypt has risen to more than $75 billion since the flotation of the Egyptian Currency.

Dollar nurses losses as outlook remains wary

Mon, 14 Aug 2017 - 11:03 GMT

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 edges up, fixing at strongest in nearly 11 months

Mon, 14 Aug 2017 - 08:02 GMT

China's yuan firmed against the U.S. dollar on Monday after the central bank guided the currency higher for the fifth straight day.

Egypt’s inflation to fall next year, economy now better: IMF

Sat, 15 Jul 2017 - 10:22 GMT

IMF's mission chief for Egypt said that raising fuel prices will free up resources for health and education .

Dollar steady in Egypt’s major banks Thursday

Thu, 04 May 2017 - 02:17 GMT

The U.S. dollar exchange rate stabilized against the Egyptian pound in major banks on Thursday

Egyptian Banks to receive $19.2B since flotation: CBE

Wed, 19 Apr 2017 - 01:20 GMT

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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