Latest in Tag: EGP Highlight
Latest in Tag: EGP
Crop prices decline but still relatively high due to EGP depreciation: EABA member
Arafa elaborated that the high cost of energy and the devaluation of local currencies against US dollar led to a decline in prices of agricultural crops, however, price of final product continues to spike, which confirms that the stability of exchange rate and the decrease in cost of energy may lead to a decrease in prices of final product.
After EGP’s devaluation, developers need to find a way to fit needs, purchasing power of customers: Experts
These decisions had a direct impact on the Egyptian economy, especially the real estate sector, which contributed about 60% of the country’s GDP in 2021.
USD/EGP average exchange barely moves to EGP 18.27 for purchase, EGP 18.37 for sale
USD price at CBE rises to EGP 18.25 for purchase, EGP 18.39 for sale
US dollar continues depreciation trend recording EGP 15.84
Egyptian pound keeps its position among best emerging market currencies against US dollar: Cabinet
US dollar continues appreciation against EGP: CBE
The appreciation in the US dollar also pushed the prices of Arab and foreign currencies up against the pound, as the price of the Euro reached EGP 18.1449 to buy and EGP 18.2605 to sell. The price of the Pound Sterling reached EGP 20.2588 to buy and EGP 20.3794 to sell.
US dollar trades at EGP 16.02 to buy, EGP 16.12 to sell on Wednesday
The rise in the dollar also pushed the prices of Arab and foreign currencies up against the pound.The price of the Euro amounted to EGP 17.9376 to buy and EGP 18.0560 to sell, while the price of Pound Sterling reached EGP 20.1576 to buy and EGP 20.2769 to sell.
Expectations of EGP depreciation against US dollar groundless: Expert
Global crises, like the coronavirus outbreak, examine the strength of Egyptian monetary policy , Mohamed Abdel Aal
US dollar records lowest level against EGP since March 2017
US currency lost 13 piasters of its value in October, totalling 178 piasters decline since beginning of 2019
Macro stabilisation has succeeded, mildly more flexible USD against EGP: BoAML
CBE likely to cut policy rates further in 4Q19
Inflation deceleration, EGP/USD appreciation, push F&B sector to benefit: Pharos Research
Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
EGP to increase by 3.5% reaching EGP16 per $1 by beginning of 2020: OBG
The OBG explained that it expects an increase in the EGP value by 3.5%, to reach EGP 16 per $1 by the beginning of 2020.
EGP likely to strengthen further over next 6 months: Fitch Solutions
Budget deficit will narrow to 6.9% of GDP in FY2019/20, government debt remains high
US dollar value continues decline against EGP in banks on Monday
The US dollar lost two piasters in the Egyptian National Bank and the Suez Canal Bank, recording EGP 16.71 for buying and EGP 16.81 for sale
EGP’s abrupt depreciation may adversely affect public debt: IMF
Risks increase with recent tightening of global financial conditions
Depreciation of EGP against USD by 6.4% to reach EGP 19.1 gradually by 2019
Establishing mechanism of liberalisation oil price in Egypt, linking it with global costs
CBE prints EGP 200m worth of EGP 1, EGP 0.5 banknotes
The bank said in a statement on Thursday that it has printed EGP 100m of EGP 1 banknotes and EGP 100m of EGP 0.5 banknotes
CBE raises price of US dollar to EGP 17.41 for buying, EGP 17.84 for selling
The US dollar exchange rate rose at the Central Bank of Egypt (CBE) on Tuesday—the sixth day following the Egyptian pound’s flotation—to EGP 17.417 for buying and EGP 17.8427 for selling. The new rates are up from the Monday amounts of EGP 16.3895 for buying and EGP 17.2308 for selling, with an increase of EGP …
Egypt’s steady adoption of IMF programme would provide upside risk: Merrill Lynch
Forward exchange rate is expected to register 11.20 in Q4 2016, says Bank of America
Ambiguity mars CBE’s next move on EGP interest rates
The Central Bank of Egypt faces difficulty on inflation hike of more than 2% in May
Egypt’s politics, domestic run on EGP are risks: Bank of America Merrill Lynch
CPI inflation is expected to decrease to 10% in FY 2015/2016 instead of 11% in 2014/2015, says the report
Stronger dollar pushes foreign companies away from trading their shares in EGP on EGX
The EGX issued this new rule to allow companies to avoid the poor trading on the dollar due to the erosion of foreign currency reserves
EGP devaluation is credit positive for banks: Moody’s
Moody’s forecast of Egypt’s economic growth is lower than the government’s predictions
CBE maintains EGP interest rate
The CBE interest rates are the main index for interest rates on the Egyptian pound in the local market.
In Video: We welcome CBE’s pricing of EGP and flexibility in exchange rates :Masood Ahmed
Editing by Omar Korashi
Fitch forecasts dollar to reach EGP 9 before year-end
Egypt could reach an IMF agreement if required by authorities, Fitch says
Prices of food items ‘increased’, minister promises control
Food prices will not increase following dollar rise, Hanafy says
Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says
Unflagging EGP decline threatens Egypt’s economic growth
US dollar is forecasted to break EGP 10 threshold
In Cartoon: Dollar continues to rise against EGP
