On Sunday, May 12, 2024, the Egyptian Pound (EGP) declined against the US Dollar (USD) at the market’s opening. The following banks updated their rates: – The National Bank of …
Egyptian Pound
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Earlier today, the Egyptian Pound (EGP) decreased in value against the US Dollar (USD), resulting in changes in the exchange rates offered by several banks. The National Bank of Egypt …
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Economy
Egyptian Pound Declines Slightly Against US Dollar on April 29
by Nada Khaledby Nada KhaledOn Monday, April 29, 2024, the Egyptian Pound (EGP) declined against the US Dollar (USD), which led to several banks changing their exchange rates. The National Bank of Egypt, Banque …
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Economy
Dollar Price Rate Remains Steady at Sunday’s Early Transactions
by Nada Khaledby Nada KhaledDuring the early trading hours of Sunday, April 21, 2024, the Egyptian Pound (EGP) stayed flat versus the US Dollar. This stability was witnessed across Egypt’s major banks, including the …
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Economy
US Dollar Rate Drops Against Egyptian Pound to Reach 47.11 in Egypt’s Major Banks
by Nada Khaledby Nada KhaledAt the end of yesterday’s trading, the average US dollar price in banks slightly dropped to reach EGP 47.11 for buying and EGP 47.21 for selling. MIDBANK recorded the highest …
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The Central Bank of Egypt (CBE) announced the cancellation of its Monetary Policy Committee (MPC) meeting scheduled for March 28, 2024 [reuters.com]. This decision comes after a significant interest rate …
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On Sunday, the dollar fell from EGP 50.70 in some banks to EGP 47.76 to buy and EGP 47.90 to sell. Today, the dollar price at the Central Bank of …
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Officials and bankers said that Egyptians working abroad have begun sending more money home since the country sharply devalued its currency last week. It is worth noting that on …
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Economy
US Dollar Declines Against Egyptian Pound Amid Egypt-UAE’s Ras El Hekma Deal
by Nada Khaledby Nada KhaledOn Friday, non-deliverable 12-month USD against Egyptian pound futures contracts dropped following the signing of the “Ras El Hekma” agreement. The 12-month non-deliverable Egyptian pound futures contracts traded at 57 …
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EconomyHighlights
Surge in Egyptian Pound’s Value Driven By IMF- Egypt Preliminary Agreement
by Mona Yousefby Mona YousefThe Egyptian pound has experienced a soaring by 39% against the US dollar within a few days. This dramatic rise has driven down the exchange rate of the US currency …