Latest in Tag: egyptian pound Highlight

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Latest in Tag: egyptian pound


Egyptian pound weakens at C.Bank dollar sale, on black market

Reuters – The Egyptian pound weakened at a central bank dollar auction and on the black market on Wednesday after hitting a six-month low last week. The central bank sold dollars at a cut-off price of EGP 6.9652, leaving the pound weaker than at its last auction on Monday when the rate was EGP 6.9649. …

Daily News Egypt

Egyptian pound inches up on official, steady on black market

Reuters – The Egyptian pound was up slightly at a central bank foreign currency sale on Thursday and traded within its recent range on the black market. The central bank sold $39.6m to banks with a cut-off price of 6.9511 pounds to the dollar, fractionally stronger than the cut-off price of 6.9512 from Wednesday’s auction. …

Daily News Egypt

Egyptian Pound strengthens fractionally, unchanged on black market

Reuters – The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. The central bank sold $38.6m to banks with a cut-off price of 6.9516 pounds to the dollar, compared with 6.9517 at its last auction on Thursday. The bank had offered to sell up …

Daily News Egypt

Why Egypt’s pound is not strengthening

By Farah Halime, Rebel Economy Take a look at this chart, which the Central Bank of Egypt  has been proudly parading this month: It shows how the pound’s official price, controlled by the central bank, has been appreciating slowly since the overthrow of Islamist president Mohammed Morsi. If we were to take this graph at face value, …

Daily News Egypt