An anonymous senior official at CBE told Ahram Online that the decision is considered "a maneuver” to combat the informal market so that the value of the Egyptian pound will recover again ...

Amid global market volatility and mounting domestic economic pressures, the Egyptian pound (EGP) is undergoing one of its most sensitive phases since the 2016 currency floatation. In the first ...

Arab Finance: The US dollar rate against the Egyptian pound edged down on Monday, registering EGP 50.95 for buying and EGP 51.05 for selling at the National Bank of Egypt (NBE) at 12:13 pm. The USD ...

At the Central Bank of Egypt (CBE), the exchange rate closed at EGP 51.19 to 1 USD, up from EGP 50.66 on Thursday. The US dollar was similarly quoted at EGP 51.07 for buying and EGP 51.17 for ...

Egypt’s currency plunged the most since last year’s devaluation to hit a record low after US President Donald Trump’s tariffs roiled global markets. The pound fell more than 2% on the ...