The exchange rate of the US dollar against the Egyptian pound is still slightly above the EGP 50 mark on Wednesday.

The US dollar to the Egyptian pound exchange rate was above the EGP 50 mark on Tuesday, registering EGP 50.26 for buying and EGP 50.36 for selling at Banque Misr on Tuesday at 2:05 pm.

The US dollar rate against Egyptian pound rose slightly on Monday.

The US dollar to the Egyptian pound rate went above the EGP 50 mark on January 30th, with the USD rates at Banque Misr hitting EGP 50.18 for buying and EGP 50.28 for selling at 1:27 pm.

Egypt needs around $20 billion annually to secure petroleum products, President Abdel Fattah El-Sisi highlighted on the sidelines of the celebration marking the 73rd anniversary of Police Day.

Edita Food Industries (EFID) intends to expand in new regional markets through exports or other investments.

The Egyptian pound has fallen to its lowest value since devaluation in March.

Republican candidate Donald Trump has declared victory in the 2024 US presidential election against his Democratic rival Kamala Harris, citing early results.

The Egyptian government is aiming for a unified stable dollar exchange rate in the short term, Prime Minister Mostafa Madbouly stated.

Egypt is seeking to raise up to $40 million from selling train tickets to foreigners and Arabs in US dollars during the fiscal year (FY) of 2023/2024.

Egypt’s sovereign dollar-denominated government bonds rose on August 4th, one day after interest rates hiked by 100 basis points (bps).

Commercial International Bank Egypt (CIB), Egypt’s largest private lender, has issued new one-year certificates of deposit (CD) in US dollars.

Banque Misr will start selling new three-year certificates of deposit (CDs), Al-Qimma and Elite, in US dollars, starting Wednesday, July 26th.

National Bank of Egypt (NBE) will offer new three-year certificates of deposit (CDs), Al Ahly Fawran and Al Ahly Plus, in US dollars, starting Wednesday, July 26th.

Egypt is seeking to increase its US dollar revenues by nearly $70 billion over the upcoming three years.

Egypt's sovereign dollar bonds garnered more than a cent on June 4th, as part of a larger rally that has bolstered international debt issued by frontier economies such as Pakistan and Ghana.

The futures contracts for the Egyptian pound for 12 months plunged by more than 4% against the US dollar to EGP 44.4, Asharq Business reported on April 18th.

The weak performance of EGP came after traders bet on another devaluation amid growing pressures on the currency.

Egypt will value the state assets offered for sale in US dollars or Egyptian pounds.