The Egyptian pound fell to yet another record low, a sign that authorities are pressing ahead with a shift to more flexible currency trading. The currency slumped as much as 14% to 32.1 per dollar ...

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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 ...

(Bloomberg) -- Egypt’s credit outlook was cut to negative from stable by Moody’s Investors Service while the pound’s weakening on the black market accelerated, in a sign of the country’s worsening ...

CAIRO, March 28 (Reuters) - The Egyptian pound lost ground on the black market again in recent days in a sign that halving its official value over the past year could still not be enough and the ...

CAIRO, March 14 (Reuters) - Egypt's central bank devalued the pound currency on Monday to 8.85 pounds per dollar from 7.73, aiming to eliminate a black market for dollars that has flourished as a ...