Egyptian Pound Gains as Foreign Currencies Fall: Central Bank’s Exchange Rate System Boosts Economy

Egyptian Pound Gains as Foreign Currencies Fall: Central Bank’s Exchange Rate System Boosts Economy

Written by Hani Al-Houti Friday, March 15, 2024 04:00 PM The prices of most foreign currencies fell against the Egyptian pound, in Egyptian banks, a week after the Central Bank’s decision to implement a flexible exchange rate system, and according to the average exchange rates of currencies against the Egyptian pound in… central bankto retreat … Read more

Black Market Dollar Price Drops After Ras El Hekma Deal, Gold Prices Stabilize – March 3, 2024

Black Market Dollar Price Drops After Ras El Hekma Deal, Gold Prices Stabilize – March 3, 2024

Written by Mahmoud Askar Sunday, March 3, 2024 12:25 PM Price continued Dollar on the black market (Parallel) decreased in trading today, Sunday, as it recorded 38 pounds, with the continuing state of confusion and the cessation of demand in the parallel market since the announcement of the signing of the Ras El Hekma deal … Read more

Egyptian Council of Ministers Unveils Final Economic Document for Development Projects

Egyptian Council of Ministers Unveils Final Economic Document for Development Projects

10:43 PM Sunday, January 7, 2024 Books – Hassan Morsi:Counselor Muhammad Al-Homsani, spokesman for the Council of Ministers, said that the final form of the Council of Ministers’ economic document enjoys clear participation from experts in all fields, so that the document is implementable in a number of development projects through financial and monetary policy … Read more

Egyptian Pound Plummets to 53.30 Against the US Dollar on the Black Market – New Currency Floatation Looming

Egyptian Pound Plummets to 53.30 Against the US Dollar on the Black Market – New Currency Floatation Looming

The price of the Egyptian pound against the US dollar on the black market this morning, Thursday, January 4, 2024, witnessed a noticeable decline, falling to the level of 53.30 pounds. This rapid decline comes ahead of news of a new floatation of the Egyptian pound, which opens the door to questions about where the … Read more

A new collapse of the Egyptian pound after the sudden improvement and a violent blow on the black market today

A new collapse of the Egyptian pound after the sudden improvement and a violent blow on the black market today

The prices of the Egyptian pound fell against the US dollar and foreign currencies on the black market today, Friday, December 1, after the Egyptian pound improved earlier. Exchange rates deteriorated again, and the price of the Egyptian pound against the dollar reached 48.90 for purchase and 49.90 for sale, after it declined yesterday, Thursday, … Read more

The Egyptian pound suddenly improves against the dollar and currencies on the black market (exchange rates Thursday)

The Egyptian pound suddenly improves against the dollar and currencies on the black market (exchange rates Thursday)

The exchange rates of the Egyptian pound improved against the US dollar and the Saudi riyal on the black market today, Thursday, November 30, after days of decline. Today, Tuesday, the exchange rates reached 47.8 for buying and 48.8 for selling, down nearly 2 pounds from the highest prices reached during the last period. Read … Read more

Latest Update on Saudi Riyal Exchange Rates – October 30, 2023

Latest Update on Saudi Riyal Exchange Rates – October 30, 2023

In this report, the Aswaaq News website reviews the price of the Saudi riyal today against currencies, Monday, October 30, 2023, and it witnessed a difference and variation for all Arab or foreign currencies, and this happened with the start of daily transactions, and we are now reviewing it in this report as the latest … Read more

Central Bank of Egypt Directs Banks to Stop Using “Direct Debit Cards” for Customers Abroad

Central Bank of Egypt Directs Banks to Stop Using “Direct Debit Cards” for Customers Abroad

The Central Bank of Egypt directed banks operating in the country to stop using “direct debit cards” for customers abroad, and to limit their use inside Egypt only, without specifying the time period for implementing this directive, according to 4 heads of banks operating in Egypt who spoke to Al-Sharq. The verbal instructions to banks … Read more

Egypt’s Economic Crisis and IMF Intervention: Devaluation of Currency and Delaying the Inevitable

Egypt’s Economic Crisis and IMF Intervention: Devaluation of Currency and Delaying the Inevitable

In an interview with Bloomberg, Georgieva praised the other steps taken by Egypt, the second largest borrower from the IMF after Argentina, to correct the course of its crisis economy. Egypt has devalued its currency three times since early 2022, and the pound has lost nearly half of its value against the dollar. Georgieva said, … Read more

“The Latest Dollar Price in Egypt: Friday Rates at Top Banks”

dollar price.. The price of the dollar in Egypt today, Friday 26-5-2023, witnessed stability against the Egyptian pound, in conjunction with the weekly bank holidays on Friday and Saturday. The price of the dollar today, Friday The latest update of the price of the dollar against the Egyptian pound in the Central Bank recorded 30.83 … Read more