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Euro Jumps against Egyptian Pound to 58.28
13 Apr 2025 21:12 GMT
Sun 13 Apr 2025 | 08:10 PM
The euro exchange rate in Egypt rose, Sunday, in Egyptian banks, on the banking sector's first working day after the weekend.
The euro exchange rate in Egypt at the Central Bank of Egypt (CBE) reached EGP 58.12 to buy and …
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CBE Governor: Egypt Follows Flexible Exchange Rate, Cannot Fix Currency
13 Apr 2025 21:12 GMT
… cannot currently fix its currency.
"Egypt cannot fix its … of last year, Egypt allowed the Egyptian pound to depreciate by … a foreign exchange crisis. Egypt has already received four … praising the key reforms Egypt has implemented to maintain …
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Egypt's Resilient Real Estate Market Signals Long-Term Potential, Attracts Foreign Investors: JLL
13 Apr 2025 18:59 GMT
… While recent improvements in currency stability, easing inflation, … and a more stable Egyptian pound are reviving investor … inflationary pressures subsiding, Egypt is also benefitting from … . Fluctuations in the Egyptian pound, complex administrative processes …
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S&P Revises Egypt’s Outlook to Stable, Citing Mounting Fiscal Pressures and Global Risks
13 Apr 2025 16:12 GMT
… Egypt’s outlook to positive following the floatation of the Egyptian pound … and a notable increase in foreign currency inflows. … present an opportunity for Egypt to attract new … rating agencies acknowledged that Egypt has made real progress …
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Gold prices in Egypt surge 7% over past week, climbing more than EGP 300
12 Apr 2025 19:43 GMT
… US dollar against the Egyptian pound.
According to Gold Bullion … than offset the local currency fluctuations. The dollar … movement.
Macroeconomic Context in Egypt
Domestically, inflation figures … October 2024.
Meanwhile, Egypt’s trade deficit narrowed …
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Superpower humbled and currency shattered … was this Trump’s Suez?
11 Apr 2025 19:47 GMT
… reliable superpower and its mighty currency were shattered in a … the ill-fated invasion of Egypt in 1956 to seize the … the primacy of the pound as a reserve currency and while the … through “illegal export subsidies and currency manipulation”.
He shares Trump’s …
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Egypt Hikes Fuel Prices For First Time In 2025 As IMF Mandates Subsidy Cuts
11 Apr 2025 10:13 GMT
… economic restructuring program that Egypt has been undergoing since … key source of foreign currency, and diminished natural gas … placed additional pressure on Egypt’s economy. The government … the ongoing adjustments, Egypt’s currency, the pound, has lost more …
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Egypt raises fuel prices for first time in 2025
11 Apr 2025 03:15 GMT
… local natural gas production which Egypt had even begun exporting, has …
Since early 2022, the foreign currency shortage has curbed local business … loan from the IMF.
The pound has since lost more than … , while petrol prices in Egypt remain some of the lowest …
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Anaemia is ravaging the people of Egypt
10 Apr 2025 18:06 GMT
… Cabinet.
UNICEF estimates place Egypt among 36 countries that …
OPINION: Is Netanyahu harming Egypt’s economy?
A report … successive devaluations of the Egyptian pound, which plummeted from EGP … the steady devaluation of the currency, and the government’s …
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Egypt To Sell Stakes in Military Firms as Part of IMF-Backed Reforms
10 Apr 2025 15:05 GMT
… the Sovereign Fund of Egypt, the National Service Projects … IMF), which has pressed Egypt to expand private sector …
Egypt is grappling with a severe shortage of foreign currency … several devaluations of the Egyptian pound and sharp interest rate …