Egypt floated its currency on November 3 and it has plummeted from 8.8 Egyptian pounds (LE) to the dollar to an average of 16-17. For almost a year prior to this, a dollar shortage has affected ...

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.

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.

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.

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.

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 ...

(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 ...

The Egyptian Pound (EGP) is the official currency of the Arab Republic of Egypt, as designated by ISO 4217, the International Standard for currency codes. The Egyptian pound's symbol is E£.

Investors are bracing for steeper declines in the Egyptian pound, with the North African nation expected to seal a preliminary deal with the International Monetary Fund in just days.

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.

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 ...