Latest in Tag: US dollar Highlight
Latest in Tag: US dollar
Dollar will increase again, and the stable price is temporary, analysts say
The CBE launched this auction using $700m, receiving offers worth $928.5m to cover it, $728.5m of which were approved.
US dollar could be devaluated to EGP 6 or less with tight policies, says Medical Supplies Division head
Airlines exempted from paying in dollars for a year, import burden disallows continuation, says El Molla
Ramez denies any link between dollar rates and raising prices of commodities
El-Wakil attributes improvement to recent CBE actions
Gap widening between official, unofficial dollar selling despite increasing CBE dollar auctions
$1 is EGP 7.59 on official market, EGP 7.75 on black market
The US dollar exchange value jumped to EGP 7.5 at NBE and Banque Misr
Depreciation can happen at a faster pace, the bank says
The value of $1 stands at EGP 7.16 on 22 May, compared to EGP 7.083 before CBE exceptional auction
Banks are required to apply with the amount of US dollars needed as per their clients’ import needs, the bank says
Expected to increase in coming days due to decreases in supply
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Experts: the stability of the pound is “temporary” due to bank closures and low demand on banks
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
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.
Future trading in the COMEX division of the New York Mercantile Exchange dropped to $1,436.60, their lowest rate since last July.
“We are in a better place but… we’re not out of the woods,” said Olivier Blanchard, IMF chief economist
Head of exchange companies section at the ECC accuses the CBE of being the real reason behind the dollar shortage in the market
Raise reportedly due mainly to political tension
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar recorded a rate of 6.08, the Euro recorded a rate of 7.55 and the GB pound recorded a rate of 9.85 to the Egyptian pound. …