Pound

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

Putin ‘inhumane,’ Zelensky says, as Russia pounds Ukrainian power grid on Christmas Day

CNN — Russia launched an “inhumane” attack on Ukraine’s energy infrastructure on Christmas Day, with explosions reported across the country, Ukraine’s President Volodymyr Zelensky said. It is the thirteenth time this year Russia has carried out a major attack on Ukraine’s power grid, according to DTEK, the country’s largest energy provider, leaving it in a …

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Egypt Independent December 26, 2024

US dollar surges against the Egyptian pound

The US dollar recorded an increase of 15 piasters in both buying and selling rates on Thursday, during mid-day trading at the National Bank of Egypt (NBE). Meanwhile, the prices of Arab currencies have also risen against the Egyptian pound at the NBE as follows: The dollar price has seen a new increase, reaching LE50.75 …

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Egypt Independent December 13, 2024

US dollar officially hits new record high, surpassing the 50-Egypt pound mark for first time ever

The Egyptian pound experienced a significant rise against the US dollar on Thursday, with the greenback surpassing the 50-Egyptian pound mark for the first time in history. This development was reflected in the exchange rates of several local banks, according to data published on their official websites. Several banks reported increased dollar prices. For instance, …

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Egypt Independent December 7, 2024

Israel pounds southern Beirut as Hezbollah considers fresh ceasefire proposal

Abu Dhabi CNN — Intense Israeli strikes targeted areas of Beirut’s southern suburbs Saturday as the Lebanese militant group Hezbollah considered its response to a fresh ceasefire proposal. The strikes marked the fifth straight day of Israeli attacks on the Dayiyeh region of Beirut, a Hezbollah stronghold. Lebanon’s National News Agency said three areas were …

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Egypt Independent November 17, 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

Russia pounds Ukraine with biggest airstrikes in weeks

CNN — Russia carried out a “massive” missile attack on Ukrainian energy infrastructure overnight into Wednesday, according to local authorities, in the biggest aerial onslaught by Russian forces for weeks. Russia used 76 air attack weapons in the assault, including 55 missiles and 21 drones launched from Russia and Russian controlled areas, according to Ukrainian Air Force …

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Egypt Independent May 8, 2024

IMF more than doubles Egypt bailout deal to $8bn following pound devaluation

IMF more than doubles Egypt bailout deal to $8bn following pound devaluation Many now fear an imminent rise in fuel

Middle East Eye March 7, 2024

Egypt pound devaluation ‘just a band-aid’ as inflation spiral looms

Egypt pound devaluation ‘just a band-aid’ as inflation spiral looms Cash-strapped Egyptians describe ‘humiliation’ of economic crisis, while analysts say

Middle East Eye February 4, 2024