Latest in Tag: egyptian pound Highlight
Latest in Tag: egyptian pound
Engineering consulting company releases quarterly report
The consulting firm says Egypt’s consumption price index increased by 4% due to increases in food prices and the devaluing of the Egyptian pound
Forex auctions carry on
Despite the optimism, the current political insecurity and the unsettled International Monetary Fund loan are seen as contributors to the weakening of the pound against the dollar.
Egyptian pound slumps to seven against US dollar
Egypt’s currency continues to devalue despite attempts by Central Bank to slow the decline with foreign currency auctions
Wheat inventories sufficient for 10 months
Government officials announced that Egypt’s current overall wheat inventories will cover the remainder of 2013. The country, however, still struggles to secure enough foreign currency to continue importing wheat
Central Bank dollar supply continues to shrink
$37.8m were sold at a forex auction which began last December at $75m
The diesel crisis: Petroleum minister’s words versus reality
Crisis due to high levels of smuggling and not a shortage in supplies, says Osama Kamal
Rebel Economy Wrap
Then & Now: 11 February 2011/2013
Exchange companies accuse CBE of raising dollar price
Head of exchange companies section at the ECC accuses the CBE of being the real reason behind the dollar shortage in the market
Pound expected to depreciate further in 2013
Throughout 2012 Egypt’s currency dropped 8.4% against the euro, which cost EGP 8.4 by the end of the year. Egypt’s currency dropped a total of 11% against the sterling in 2012.
Egyptian pound turns 114
The pound first came into existence as a result of a Khedival decree in 1834, replacing the piaster
Egyptian pound falters after Constitutional rulings
By Ayat Al-Battawy The political chaos in Egypt that followed the Constitutional Court’s decision to dissolve parliament is being directly reflected in the local exchange market. The pound lost one piaster relative to the dollar as soon as the dissolution of parliament was announced. It approached its highest rate since the revolution and the record …