On 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 …
USD
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The Egyptian Pound (EGP) rose somewhat versus the US Dollar (USD) in early trade on Monday, April 15, 2024. The National Bank of Egypt, the Commercial International Bank (CIB), and …
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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 US dollar recorded a noticeable drop against the Egyptian pound in the parallel market, reaching approximately EGP 55 over the past few hours, down from a recent peak of …
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EconomyFeatures & ScoopHighlights
Maha Abdel Razek Shares with Top 50 Her Positive Feedback on NBE & BM’s Dollar-Saving Certificates, Egypt’s Banking System
by Nada Khaledby Nada KhaledAs a Financial Consultant and CEO of a well-established property firm, Maha Abdel Razek is more than qualified to express her feedback on the new Dollar-Saving certificates with a 7% …
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EconomyFeatures & ScoopHighlights
Here’s What Political and Economic Science Expert Mai El Batran Thinks About NBE & BM’s Dollar-saving Certificates
by Nada Khaledby Nada KhaledDuring a one-to-one with the Top 50 Women Forum, Political and Economic expert Mai El Batran shared her expert opinion concerning the recent 7% Dollar Saving Certificates offered by Banque …
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EconomyHighlights
Misr Life Insurance, National Bank of Egypt Issue 1st USD Pension Certificates for Expats
by Asmaa Elwahyby Asmaa ElwahyMisr Life Insurance and the National Bank of Egypt (NBE) jointly launched Maash Bokra “Future Pension,” the first USD pension certificates for Egyptians working overseas. The certificates are available to …
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EconomyHighlights
Dollar Price Rate Remains Stable at Egypt’s Major Banks
by Nada Khaledby Nada KhaledAt the start of Sunday’s transactions at Egypt’s major banks, the US dollar’s value relative to the Egyptian pound was constant. The dollar exchange rate at the National Bank of …
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EconomyHighlights
Egypt’s Commercial Bank launches 6 percent 1-year USD certificates in Egypt
by Asmaa Elwahyby Asmaa ElwahyThe Commercial International Bank (CIB) introduced a new one-year USD-denominated certificate of deposit (CD) with a monthly yield of 6 percent. The minimum investment for the new CDs is $10,000, …
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News
CBE Unlikely to Devaluate EGP Until September, A Senior Analyst At Citigroup Says
by Asmaa Elwahyby Asmaa ElwahyThe Central Bank of Egypt is unlikely to devalue the currency until September at the earliest as economic pressure eases on the back of expectations for bumper tourism revenues and …