Egypt Independent The Egyptian pound recorded its highest exchange rate in a month against the US dollar on Thursday. Dollar price recorded its lowest price, since 20 April, at £E18.32, slightly below the £E18.35 recorded on Wednesday. On 10 April, the dollar was traded for £E18.30. The Egyptian Central Agency …
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Gold prices down in Egypt amid uncertain economic outlook
Ahram Online Gold prices in the Egyptian market fell on Monday, amid growing uncertainty cast by an expected rise in the US dollar price and the Russian war in Ukraine repercussions. At the end of Monday’s trading, the price of 21 karat gold declined to £E1,180/ gram, a fall of …
Read More »US dollar exchange rate rises in Egypt on Thursday
Egypt Independent The US dollar exchange rate against the Egyptian pound rose at the beginning of Thursday’s trading, after witnessing a large increase lately followed by a limited decline. Dollar price maintained a relatively stable rate at major Egyptian banks. The Central Bank of Egypt (CBE) offered the lowest rates …
Read More »US dollar maintains stable exchange rate on Wednesday
Egypt Independent The US dollar exchange rate maintained an average trading price of £E18.27 for purchase and £E18.37 for sale at major Egyptian banks on Wednesday. The Egyptian pound had lost 15.9% of its value against the US dollar last week when the Central Bank of Egypt (CBE) increased interest …
Read More »USD record two piasters fall against Egyptian pound
Egypt Independent The US dollar exchange rate to the Egyptian Pound recorded a slight decline of two piasters on Sunday compared to Thursday’s rates, reflecting itself in £E18.29 for purchase and £E18.39 for sale. On Sunday, The National Bank of Egypt and Banque Misr offered the dollar at £E18.27 for …
Read More »Egypt Foreign exchange rates decline for the 2nd day
Egypt Independent The exchange rate of all foreign currencies against the Egyptian Pound continued to decline on Thursday, following their significant increase few days ago. The rates fell due to the Central Bank of Egypt’s decision to raise the interest rate by one per cent. However, the decline of the …
Read More »Egyptian pound gains 13 piasters against USD on Wednesday
Doaa Moneim – Ahram Online The US dollar lost 13 piasters of its value against the Egyptian Pound (EGP) on Wednesday’s trading session, following two days of chaotic increases. “The USD’s value against the EGP fell by 13 piasters for purchasing to record £E18.32, down from £E18.45. However, the USD’s …
Read More »Gold price hikes by £E75 in Egypt despite global fall
Egypt Independent Gold prices rose by £E75 and continued to rise with the rise of the US dollar exchange rate against the Egyptian pound, despite the drop in price globally on Tuesday. A gram of 24-karat gold prices rose from £E1,171 to £E1,246. While the 21-karat gold recorded a rise …
Read More »The Egyptian pound loses 15.9% of its value to the US dollar
Egypt Independent The US dollar exchange rate to the Egyptian pound increased by 15.9%, reaching £E18.22 on Monday. The US dollar rate opened Monday morning’s trading at £E17.5, compared to £E15.74 on Sunday’s trading. It recorded an increase of 175 piasters equal to 11.2%. Amidst Monday’s trading, the USD exchange …
Read More »Global gold prices rebound on Wednesday
Egypt Independent Global gold prices saw a rapid rise on Wednesday, after a significant decline. Prices settled near the highest rate since November 2021, especially following the decline of the US dollar on Wednesday. The global stock exchange opened trading on a decline, however, demand pushes prompted gold prices to …
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