Egypt's central bank kept the pound steady at a dollar sale on Thursday, selling $37.6 million at a cut-off price of 7.7301 pounds per dollar, unchanged from Tuesday.

The pound is trading at about 49.8 against the US currency, its weakest since Egypt let it plunge nearly 40% in a bid to attract foreign funding and stem a two-year economic crisis.

Egypt's currency plunged against the U.S. dollar after the country hiked interest rates and said it would let its currency float freely. The Egyptian pound sank to trade at around 49.5 pounds per ...

Egypt’s pound plunges after currency float, interest rate rise By Louis Goss Published: March 6, 2024, 8:03 a.m. ET Share ...

The pound has continued to depreciate marginally against the US dollar over the past week and the exchange rate on Friday morning at the Central Bank of Egypt was 50.82 pounds per US dollar.

Egypt’s pound has slipped to its lowest level since a devaluation in March, amid a broad sell-off in emerging markets and increased local demand for dollars. The pound is trading at about 49.8 ...

Egypt’s dollar bonds surged and its pound strengthened in street trading, as a landmark $35 billion investment deal with the United Arab Emirates stoked optimism that the cash-strapped nation ...

CAIRO, March 6 (Reuters) - Egypt's central bank said it sold 3 billion Egyptian pounds ($1.1 billion) in domestic treasury bills on Sunday and that average yields had risen. The average yield on 3 ...

The central bank sold all 2 billion pounds in 91-day T-bills it offered, with the average yield climbing to 11.097 percent from 10.941 percent at an auction last week. ($1=5.8876 Egyptian Pound) ...

Cairo • The Egyptian pound has dropped to record lows on the black market in the past week, hovering between 9 and 9.25 per dollar, as importers struggle to find dollars for their operations and ...