The US dollar rate against the Egyptian registered EGP 50.5 for purchasing and EGP 50.6 for selling at the National Bank of Egypt (NBE)

The US dollar rate against the Egyptian stood solid above the EGP 50 mark on Monday

The US dollar traded EGP 50.46 for buying and EGP 50.56 for selling at the National Bank of Egypt (NBE) on Monday

The US dollar rate against the Egyptian pound registered EGP 50.55 for buying and EGP 50.65 for selling at Banque Misr

The US dollar exchange rate against the Egyptian pound maintained its position above the EGP 50 mark on Sunday.

The Egyptian pound has extended its decline against the US dollar on December 23rd, hitting a new record low.

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

Goldman Sachs Group anticipates a rebound in the Egyptian pound in early 2025, following its sharp decline to a record low of EGP 50.8 against the USD in the offshore market this week.

Egyptian businessman Naguib Sawiris said that the recent rise in the US dollar to EGP 50.5 from EGP 49.5 is not a cause for concern, warning that worry would only arise if the rate climbs to levels of EGP 60 or EGP 70.

The Egyptian pound continued its downward trajectory against the US dollar, reaching a new record low as pressures on the local currency persist amid ongoing economic challenges.

The Egyptian pound has dropped to its lowest level ever against the USD since the March devaluation.

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

Gold prices fell by 1% on December 2nd, ending a four-day rally, as a stronger US dollar weighed on the precious metal.

Prime Minister Mostafa Madbouly announced that the Egyptian pound could see a fluctuation of 4% or 5% in the near future.

Talaat Moustafa Group Holding (TMG Holding) expects to double its dollar revenues over the coming period to reach $856 million by 2028, based on market expectations and the future performance of the hotel sector.

Egypt’s digital savings platform Menthum has introduced the Menthum USD Fixed Income Fund, in collaboration with CI Capital Asset Management Company.

The Egyptian pound has seen a slight adjustment in its value against the US dollar on August 6th, as compared to August 5th’s rates at banks.

The Egyptian pound has tumbled against the US dollar at local banks’ trading on August 5th.

The Egyptian pound has slumped against the US dollar, recording EGP 48.36 for buying and EGP 48.46 for selling in trading at the Commercial International Bank (CIB) of Egypt.

The New Urban Communities Authority (NUCA) has suspended the land allocation system for those paying in the US dollar from abroad starting June, Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar stated.