The Egyptian pound dropped to its lowest official rate last week when one US dollar began trading for 50 pounds. Before the latest drop, the dollar had been trading between 48 and 49 pounds.

Egypt weakened its currency on Monday by the most in more than four months, with the Egyptian pound falling by more than 0.10 pounds to the dollar, according to Refinitiv data.

17 January 2011 CAIRO: As prices continue to rise globally, Egypt said Sunday that it may spend an additional LE 4.5 billion to LE 7 billion on food subsidies during the current fiscal year.. The ...

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 ...

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 and let the currency ...

27 October 2022: The dollar rose to LE19.53, then to LE 24.17 as the Egyptian pound lost 14 per cent of its value. November 2022: The dollar reached between LE24.18 and LE 24.55.

26 January 2011 CAIRO: Mass protest on Egypt's streets have walloped the country's stock market, with the main EGX 30 index plunging 6.14 percent on Wednesday and the pound dropping to a six-year low.

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 ...

The Egyptian pound tumbled on Wednesday in its largest single-day slide since the cash-strapped government agreed to a $3 billion International Monetary Fund deal in mid-December, authorities said.

(Bloomberg) -- 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 ...

Egypt’s pound strengthened dramatically on the local black market for US dollars, a move that may help set the stage for the cash-strapped nation’s widely-anticipated next devaluation.

Egypt weakened its currency on Monday by the most in more than four months, with the Egyptian pound falling by more than 0.10 pounds to the dollar, according to Refinitiv data.