Pound

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 …

The post Russia pounds Ukraine with biggest airstrikes in weeks appeared first on Egypt Independent.

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