US Dollar

NBE, Banque Misr cut interest rate on US dollar CDs

Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return, equivalent to the Egyptian pound, …

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Egypt Independent March 19, 2025

Expert reveals reasons for rise in US dollar price for futures contracts

A member of the Advisory Committee for Macroeconomics at the Egyptian Cabinet, Mohamed Fouad, explained on Sunday evening the reasons behind the rise in the US dollar price against the Egyptian pound in futures contracts, recording LE59. During a telephone interview with TV host Lamis al-Hadidi on the“Last Word” (Kalema Akhera) TV show, on “ON” …

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Egypt Independent February 17, 2025

US dollar declines against Egyptian pound on Monday

The US dollar price on Monday decreased against the Egyptian pound within the National Bank of Egypt, with the greenback recording a decline of about two piasters for both buying and selling. The US dollar price recorded a decline, reaching LE50.20 for buying and LE50.30 for selling. Concurrently, a modest depreciation was observed in the …

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Egypt Independent January 28, 2025

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

US dollar and Arab currencies weaken slightly against Egyptian Pound

The US dollar experienced a minor dip on Thursday, during mid-day trading at the National Bank of Egypt (NBE). Both the buying and selling prices of the dollar dropped by approximately two piasters. Concurrently, other Arab currencies are also depreciated against the Egyptian pound. The dollar exchange rate against the Egyptian pound on Thursday recorded …

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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

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 …

The post US dollar exchange rate across Egypt’s banks on Tuesday appeared first on Egypt Independent.

Egypt Independent November 20, 2024

US Dollar rises against Egyptian pound at some Egyptian banks

The US dollar price increased on Thursday against the Egyptian pound in some banks. The US dollar price was recorded at LE48.54 for buying and LE48.68 for selling at the Central Bank. The dollar price against the Egyptian pound reached LE48.54 for buying and LE48.64 for selling at the National Bank of Egypt. The dollar …

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Egypt Independent October 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 …

The post US dollar exchange rate against Egyptian pound at major banks appeared first on Egypt Independent.

Egypt Independent October 4, 2024

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