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American currency lost more than 25 piasters since the beginning of January 2020
The Egyptian pound appreciated by about 14 piasters against the US dollar since last Wednesday, gaining on Monday about 6 piasters in comparison to Sunday’s exchange rate, which was EGP15.92 to sell and EGP16.05 to buy.
Why the US dollar broke the EGP16 barrier and where to next?
The price of the American currency also declined in Al Ahli Bank of Kuwait, Arab Investment Bank, Emirates NBD, HSBC, Housing & Development Bank, recording EGP 15.99 for buying and EGP 16.09 for selling.
CBE to keep rates on hold in November, December
US currency lost 13 piasters of its value in October, totalling 178 piasters decline since beginning of 2019
The average official price of the US dollar at the Central Bank of Egypt (CBE) fell to EGP 16.2186 for buying and EGP 16.3186 for selling on Sunday, down from EGP 16.2669 for buying and EGP16.3669 for selling last Thursday.
The view of the Secretary of Treasury is based on the fact that the service sector represents 19.4% of the structure of the US economy, while exports represent 12% of the gross domestic product (GDP), but they directly affect the unemployment rate.
High profit margin is the main reason behind recession in used car market
US currency lost over EGP 1 since beginning of 2019, including 34 piasters in May
Expectations for US dollar to reach EGP 16.5
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE
The average dollar price on Wednesday recorded EGP 17.01 to buy and EGP 17.14 to sell.
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday. The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching …
Pound value against dollar gains over 23 piasters in March, 62 piasters since January
Banks receive over $4bn FX inflows in January, February, says senior bank official
US currency lost 8.11 piasters last week, losing 49 piasters since January 2019
Although there is no immediate pressure on currency to weaken, yet uncertainty over exchange rate will likely lead to fewer foreign inflows
US currency recovers less than half piaster of 30 piasters it lost on Sunday, Monday
Market watching exchange trade trend, amid expectations of further appreciation of pound
American currency supply increases in interbank market amid resumption of foreign investment in government debt instruments
Turkey modestly shares in Egyptian total exports with about 5%, says EFG-Hermes macroeconomic analysis
Fluctuation is healthy under supply, demand, says Abdel Aal
Local currency began appreciating again by 21 piastres in four days, market awaits its trend until the end of the year
Banks give their clients up to $2,000 cash with no documents but precedent transactions
Bankers claim the attacks will not impact the exchange rate greatly
Experts believe there are no other options but to ask for more loans, while national and foreign debt is equally dangerous