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Egypt is poised to cut interest rates for the first time in almost five years, although the reduction may be limited as US ...
According to the official exchange rate of the Central Bank of Egypt (CBE), the Egyptian pound traded at 19.57 against the dollar, weakening further than the previous record low of EGP 19.56 back ...
The pound fell more than 2% on the offshore market, before paring some of its losses to trade at 51.43 per dollar at 12:10 p.m. in Cairo on Monday. It was the biggest decline since authorities in ...
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Egypt’s Pound Falls to Lowest Since March as IMF Review Goes OnThe pound is trading at about 49.8 against the US currency, its weakest since Egypt let it plunge nearly 40% in ... the International Monetary Fund and Egyptian officials discuss the government ...
The US dollar reached an all-time high against the Egyptian pound on Sunday, following the imposition of new US tariffs by President Donald Trump on 5 April, marking the weakest performance for ...
Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...
Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...
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