The Egyptian pound is on the cusp of a record decline before the IMF agreement

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" The Egyptian currency is witnessing an accelerating decline in the recent period, and it reached on Wednesday about 19.4 pounds to the dollar, becoming a few cents away from breaking its historical level recorded in December 2016, which amounted to 19.51 pounds, after the float pound In November of the … Read more

Two days before the decision… Here are the experts’ expectations for the interest rate decision in Egypt

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Accelerate inflation Annual CPI in cities in Egypt At a higher-than-expected rate of 13.6 percent on an annual basis in July from 13.2 percent in June, and on a monthly basis, the core inflation rate increased 1.3 percent, compared to a decline of 0.1 percent in June. Year-on-year core inflation … Read more

May 19..An important decision awaits the Egyptian markets at the Central Bank meeting

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Affected by the US Federal Reserve’s interest rate hike, and the rise in global commodity prices as a result of the Ukraine war, the annual inflation rate in Egypt’s total jumped in April to 14.9%, its highest rate since November 2018, compared to 12.1% in March, according to data from … Read more

For the second day, the Egyptian pound rose against the dollar

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Refinitiv data showed that Egyptian Pound It reached a level of 18.32 pounds for dollar By 08:38 GMT, a slight increase from the level of 18.35 pounds to the dollar, which was recorded on Wednesday. This is the highest level for the Egyptian pound since the tenth of April, when … Read more

After the Eid holiday, the Egyptian pound faces 3 scenarios

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Adviser to the Arab Center for Studies and expert in economic affairs, Abu Bakr Al-Deeb, said: "Egyptian Pound 3 scenarios await him after the end of the Eid vacation and until the end of the current year 2022". Al-Deeb explained to"Sky News Arabia" The first of these scenarios is a … Read more

After the increase in demand, why did the price of the dollar rise in Egypt?

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" According to the bank’s data Egyptian CentralThe average price of the dollar increased by 16 piasters during the past week, to reach 18.51 fairy Egyptian for purchase, and 18.61 Egyptian pounds for sale, which is the highest level since February 2017, but prices have calmed to levels ranging between 18.45 … Read more