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 ...

The price of the dollar rose against the Egyptian pound on Wednesday morning in government and private banks, following several new decisions issued by the Central Bank of Egypt (CBE) – the most ...

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 ...

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 ...

Egypt's central bank said it kept the pound stable at 8.78 pounds to the dollar in an extra foreign currency auction on Thursday, coinciding with a visit by Saudi Arabia's King Salman to sign an oil ...

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.

Throughout the government's transitional period, the Egyptian pound remained stable because the government shored it up through foreign reserves.... Fears Of Currency Devaluation Mount In Egypt ...