Exchange

“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

What you need to know about Sunday’s exchange of fire between Israel and Hezbollah

Sunday morning in the Middle East began with a massive exchange of fire between Israel and the Iran-backed militant group Hezbollah, escalating tensions between the sides which had spiked after the October 7 terror attack on Israel. Here’s what’s happened so far: Israel’s preemptive strike: Israel said early Sunday that it carried out preemptive strikes …

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Egypt Independent August 25, 2024

Iran mulls scrapping plans to take revenge on Israel in exchange for a Gaza ceasefire

Jeddah, Saudi Arabia CNN — The Middle East, and indeed much of the world, is bracing for Iran to carry out a revenge attack on Israel over the assassination of Hamas’ political leader. But could Tehran instead be prepared to pull back in exchange for progress on Gaza peace talks? That was the hope among …

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Egypt Independent August 10, 2024

US dollar exchange rates at major Egyptian Banks on Saturday

The dollar’s exchange rate against the Egyptian pound remained stable on Saturday. This stability reflects the downward trend observed in recent days, which is likely due to the ongoing weekend and reduced market activity. Saturday’s dollar exchange rate: Central Bank of Egypt: Buy Price: LE 47.94 Sell Price: LE 48.08 National Bank of Egypt: Buy …

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Egypt Independent July 6, 2024