Dollar’s rise within normal range under flexible exchange rate system: Madbouly
Prime Minister Mostafa Madbouly affirmed on Wednesday that the recent uptick in the US dollar’s value against the Egyptian pound is a normal development within currency markets and poses no cause for concern. He emphasized that Egypt adheres to a
US dollar surges EGP 0.53 at Sunday close
The official exchange rate of the US dollar at the Central Bank of Egypt (CBE) surged by EGP 0.53 on Sunday, closing at EGP 51.0564 for buying and EGP 51.1944 for selling, up from EGP 50.5296 and EGP 50.6669, respectively,
Silver prices to rise amid increasing industrial demand: Safe Haven Hub
Silver prices in local markets increased by 2.4% during the past week’s trading, while the ounce price on the global market rose by 1.1%, as markets awaited the US Federal Reserve’s decision to determine the fate of interest rates in
IMF’s Georgieva praises Egypt’s reforms, flexible exchange rate
Egypt has successfully implemented a flexible exchange rate system, the International Monetary Fund’s (IMF) managing director Kristalina Georgieva said Sunday, praising the efforts of the Central Bank of Egypt (CBE). Georgieva said Egypt has made “successful progress” on the flexible