CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit ...

The US dollar has fallen to its lowest level in Egypt in nine months, reaching LE 48.75 for buying and LE48.85 for selling per dollar. Bankers attribute this continued decline of the dollar against ...

Egyptians have been struggling economically since the revolution last year that ousted President Hosni Mubarak. The Egyptian pound has remained relatively stable, though, because the central bank ...

One of the great lessons of economics is that things are simply worth what they are worth. Nothing is worth more than somebody is willing to give for it. Thus, if the black market (for which read free ...

George Soros famously earned $1 billion betting against the British pound in the early 1990s, predicting that the English central bank would devalue its money compared to other European currencies.

Egypt's currency plunged against the U.S. dollar after the country hiked interest rates and said it would let its currency float freely. The Egyptian pound sank to trade at around 49.5 pounds per ...

A continuing theme around here is that there are indeed useful interventions into markets that governments can make. Even interventions that they must make in order to ensure their continued ...

CAIRO – The Egyptian pound has fallen to its lowest level ever against the dollar, after a central bank auction again allowed buyers to bid higher prices for the U.S. currency. The bank, which ...

Egypt's currency weakened on Monday to its lowest against the U.S. dollar since early February, before the coronavirus ravaged some of its biggest sources of foreign exchange. CAIRO, May 18 (Reuters) ...

(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Egypt became a prime destination for hot money by tethering its currency and boasting the ...