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 ...

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.

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 ...

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 ...

Egypt weakened its currency on Monday by the most in more than four months, with the Egyptian pound falling by more than 0.10 pounds to the dollar, according to Refinitiv data. CAIRO, Oct 3 (Reuters) ...

The value of the Egyptian pound crashed on Wednesday after the country’s central bank floated the currency on international markets, while also hiking interest rates, in moves that are expected to ...

CAIRO, Oct 5 (Reuters) - At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country's currency shortage ...

The pound has been gaining ground against the US dollar owing to factors including improved hard currency inflows. The US dollar has depreciated against the Egyptian pound since last week, recording a ...

CAIRO, Nov 14 (Reuters) - The Egyptian pound strengthened slightly on Monday and importers reported increased dollar liquidity at banks days after the International Monetary Fund (IMF) approved a $12 ...