Currencies

EGP stabilises against USD Tuesday
19 February 03:28 PM EGP stabilises against USD Tuesday
Cairo – Mubasher: The Egyptian pound exchange rate remained stable against the US dollar at national banks on Tuesday. The USD rate remained stable at EGP 17.49 for buying and EGP 17.59 for selling at Egypt’s two largest state-run banks, namely …
EGP may see further volatility if traders inclined to the open market
14 February 07:30 PM Investors in EGP eye interest-rate cuts ahead of MPC meeting Thursday
Cairo – Mubasher: Forex traders of the Egyptian pound are maintaining their investments in the currency, anticipating the Central bank of Egypt's (CBE) decision to slash interest rates, according to Bloomberg. “Traders in the pound are betting …
EGP stabilises against USD Wednesday
13 February 03:50 PM EGP stabilises against USD Wednesday
Cairo – Mubasher: The Egyptian pound exchange rate remained stable against the US dollar at national banks on Wednesday. The USD rate remained stable at EGP 17.55 for buying and EGP 17.65 for selling at Egypt’s two largest state-run banks, namely …
The USD rate remained stable at EGP 17.55 for buying and EGP 17.65 for selling at Egypt’s two largest state-run banks
12 February 03:17 PM EGP stabilises against USD Tuesday
Cairo – Mubasher: The Egyptian pound exchange rate remained stable against the US dollar at state-run banks on Tuesday, while it slashed by 2 piasters at Commercial International Bank (CIB). The USD rate remained stable at EGP 17.55 for buying and …
The EGP has been also stable against the USD at both of Credit Agricole and ADIB
11 February 04:31 PM EGP mixed against USD Monday
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian pound exchange rate slashed against the US dollar at some Egyptian banks on Monday, while it remained stable at state-run lenders. The USD rate remained stable at EGP 17.55 for buying and EGP …
The average interest rate on government treasury bills and bonds has been raised to 18.6% in this year’s estimates
11 February 11:20 AM Egypt raises average USD exchange rate in FY18/19 budget
Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) has raised the average exchange rate of the US dollar to EGP 18 in its initial estimates of the state’s 2018/2019 budget, versus an earlier estimated average of around EGP 17.25. The average …
EGP Jumps against USD Tuesday
5 February 02:37 PM EGP Jumps against USD Tuesday on IMF's 5th tranche disbursement
By: Eslam Fadl Cairo – Mubasher: The Egyptian pound rose against the US dollar at national banks on Tuesday by 2 piasters after Egypt received the fifth tranche worth $2 billion of the International Monetary Fund’s (IMF) $12 billion loan. By 1:00 …
The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run lenders
3 February 12:24 PM EGP stable against USD early Sunday
By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound has remained stable against the US dollar at national banks early Sunday. The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run …
Foreign-currency bonds and sukuk sales in MENA stood at $84 billion in 2018
29 January 04:28 PM MENA likely to issue above $80bn debt notes in 2019 - Report
Mubasher: The Middle East and North Africa (MENA) region is expected to see as much as $80 billion in hard currency-denominated bonds and sukuk issues this year, according to a white paper co-authored by Emirates NBD Asset Management, KAMCO …
EGP remained stable against USD at Egyptian banks early Tuesday
29 January 01:08 PM EGP stabilises against USD early Tuesday
By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound remained stable against the US dollar at the Egyptian banks early Tuesday after marking a two-day high since May 2018. National Bank of Egypt (NBE) offered the US dollar rate at EGP 17.58 …
The USD/EGP exchange rate has been falling since the beginning of the week
29 January 10:18 AM Why did the EGP jump against the USD? - Analysis
By: Eslam Fadl Cairo – Mubasher: The Egyptian pound has risen against the US dollar on the back of investors’ interest in local sovereign debt instruments, the Egyptian Exchange (EGX), the increase in remittances from expatriate Egyptians, added …
The Egyptian central bank has no intention to issue such note
28 January 04:17 PM CBE denies issuing EGP 500 note
Cairo – Mubasher: The Central Bank of Egypt (CBE) has denied issuing a note worth EGP 500. The picture of the claimed note posted on media is false, the CBE said on Monday. The Egyptian central bank has no intention to issue such note, the bank …
EGP mixed against FX currencies Monday
28 January 03:21 PM EGP mixed against FX currencies Monday
Cairo – Mubasher: The Egyptian pound showed a mixed performance on Monday against foreign currencies at national and private banks. Bank of Alexandria offered the highest US dollar rate at EGP 17.76 for buying and EGP 17.86 for selling, whereas …
ADIB offered the highest US dollar rate at EGP 17.91 for buying and EGP 17.96 for selling
23 January 03:42 PM EGP mixed against FX currencies Wednesday
Cairo – Mubasher: The performance of the Egyptian pound was mixed on Wednesday against foreign currencies at national and private banks. Abu Dhabi Islamic Bank Egypt (ADIB) offered the highest US dollar rate at EGP 17.91 for buying and EGP 17.96 …
EGP mixed against FX currencies Tuesday
22 January 04:02 PM EGP mixed against FX currencies Tuesday
Cairo – Mubasher: The performance of the Egyptian pound was mixed on Tuesday against foreign currencies at national and private banks. Misr Iran Development Bank (MIDB) offered the highest US dollar rate at EGP 17.9 for buying and EGP 17.98 for …