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21 Μαρ 2022 · Egypt devalued its pound by 14% on Monday after Russia's invasion of Ukraineprompted foreign investors to pull billions of dollars out of Egyptian treasury markets, putting pressure on the...
- Egyptian pound steadies after devaluation, IMF deal | Reuters
CAIRO, March 7 (Reuters) - Egyptian officials said they...
- Egypt secures IMF deal after pound plunge, bumper rate hike
Egypt secured an expanded $8 billion deal on Wednesday with...
- Egyptian pound steadies after devaluation, IMF deal | Reuters
8 Μαρ 2024 · CAIRO, March 7 (Reuters) - Egyptian officials said they expected more inflows and the pound held steady on Thursday, a day after the central bank announced a shift to a more flexible exchange rate...
6 Μαρ 2024 · Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst...
Historically, the USDEGP reached an all time high of 50.75 in March of 2024. The USDEGP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the EGP.
6 Μαρ 2024 · Egypt secured an expanded $8 billion deal on Wednesday with the International Monetary Fund, hours after the central bank unshackled its currency and delivered a 600 basis points rate hike in a...
4 Ιαν 2023 · Egypt’s pound plunged on Wednesday to a record low, in the latest sign of the country’s severe foreign currency crunch two months after Cairo agreed a $3bn rescue loan from the IMF.
19 Σεπ 2023 · In January 2023, the Central Bank of Egypt devalued the Egyptian Pound (EGP) for the third time, resulting in a loss of approximately 40 percent of its value reaching 31 pounds per 1 U.S. dollar from official sources and approaching 40 pounds per 1 U.S. dollar in the parallel markets.