Today, the Egyptian pound is changing hands at 8.7 to the ... can be seen as a “partial devaluation,” said Genena. "By lifting the caps, even for certain sectors, the CBE is acknowledging ...

The pound was devalued in March to qualify for increased IMF funding, declining in value by over 60 per cent. The devaluation, the fourth since 2022, significantly raised the cost of living across ...

The US-based leading credit rating firm said the CBE’s devaluation of the Egyptian pound brings the official exchange rate closer to market rates and is likely to boost exports and foreign ...

Egyptian Prime Minister Mostafa Madbouly ... its commitment to a flexible exchange rate. Before March’s devaluation, the pound was kept steady for about a year and became, in the eyes of global ...

This month-and-a-half-long campaign promotes Egypt’s tourism experiences, encouraging Arab travelers to visit Egypt during ...

Egypt is set to hike spending by 18% next fiscal year, partly to extend support for the most vulnerable as the North African ...

The impact of the devaluation on inflation ... but now he sells it at 145 Egyptian pounds ($2.93) and “this will change again and again,” he told MEE. Two weeks ago, Egypt agreed to a $ ...

Egypt negotiated the IMF deal following an acute currency crisis and after the war in Gaza ate into tourism and Suez Canal revenues. Canal fees, a main source of foreign currency, plunged to $931 ...

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