Exchange Rate

US dollar exchange rate against Egyptian pound at major banks on Friday

On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected in the rates of 17 banks. This stability comes in tandem with the Central Bank of Egypt’s Monetary Policy Committee’s decision on Thursday, to maintain interest rates unchanged. The overnight deposit rate remained at 27.25 …

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Egypt Independent December 27, 2024

“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister

Prime Minister Mostafa Madbouly addressed concerns about the Egyptian pound’s exchange rate during a press conference on Thursday. He assured the public that Egypt is committed to a flexible exchange rate policy and that there will be no restrictions on the movement of the dollar. Madbouly acknowledged the possibility of future fluctuations in the dollar’s …

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Egypt Independent November 29, 2024

US dollar exchange rate across Egypt’s banks on Tuesday

The US dollar exchange rate against Egypt pound witnessed a state of stability at the beginning of trading on Tuesday after a slight increase in banking transactions by the end of Monday. According to the latest update issued by the Central Bank of Egypt, the US dollar price reached LE 49.38 for purchase and LE …

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Egypt Independent November 20, 2024

US dollar exchange rate against Egyptian pound at major banks

The Egyptian pound maintained its stability against the US dollar on Friday, following a decline on Thursday. Below is a breakdown of the latest dollar exchange rates as reported by major Egyptian banks. Suez Canal Bank: The dollar was trading at 48.29 Egyptian pounds for buying and 48.39 pounds for selling. Misr Bank: The dollar …

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Egypt Independent October 4, 2024

US dollar exchange rate against the Egyptian pound on Friday

The exchange rate of the US dollar against the Egyptian pound stabilized on Friday after the last decline recorded on Thursday, as weekly trading closed on a downward trend. Here are the dollar exchange rates at some of the major Egyptian banks on Friday. Suez Canal Bank: Buying for 47.95 Egyptian Pounds (EGP) and Selling …

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Egypt Independent July 5, 2024

Significant rise in US dollar price exchange rate

Dollar price rises against the Egyptian pound by up to 85 piasters after Eid al-Fitr holiday The dollar price rose against the Egyptian pound by up to 85 piasters at the end of trading in the first week after the Eid al-Fitr holiday in Egypt in 9 banks compared to the last trading day before …

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Egypt Independent April 20, 2024

Egypt sees significant decline in US dollar exchange rate at the black market

The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to LE43. It previously declined to LE63 a week ago, following the government’s announcement of attracting new investments and the completion of the Ras al-Hikma deal, which fed the budget with US$35 billion. This latest decline …

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Egypt Independent March 3, 2024

Iraqi Govt Committed to Exchange Rate Stability

By John Lee. The Iraqi government has confirmed its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the Iraqi dinar. In a statement, Prime Minister Muhammad Shia Al-Sudani said the government supports the steps of the Central Bank of Iraq (CBI) in […]

The post Iraqi Govt Committed to Exchange Rate Stability first appeared on Iraq Business News.

Iraqinews December 16, 2022

US dollar exchange rate continues to rise on Wednesday

On Wednesday, November 16, the price of the US dollar rose slightly against the Egyptian pound to average LE24.42 for purchase and LE24.50 for sale. This is according to the Central Bank of Egypt (CBE) data. The price of the dollar on Wednesday at Egyptian banks was as follows: Suez Canal Bank: LE24.41 …

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Egypt Independent November 17, 2022