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EGP rebounded against the USD following Trump’s announcement of a ceasefire between Israel and Iran
Good morning, folks. This shorter-than-usual workweed has nearly come to an end, but in these short four days we’ve had…
EGP weakens against the USD as interbank transactions jump on foreign exits
Good morning, folks. In a very welcome distraction from recent geopolitical events that have been keeping us up at night,…
EGP strengthens against the greenback for second day, following Sunday rout
Good morning, all. We’re nearing the end of the week and the news cycle shows few signs of slowing down,…
EGP bounces back against the greenback as panic among foreign investors subsides
Markets were less reactive despite continued Israel-Iran escalations overnight
EGP dips below the EGP 51 mark in trading against the greenback as Israel-Iran conflict escalates
“The exchange rate is the government’s top concern,” a banking source told EnterpriseAM
Polymer banknotes are here to stay
Good morning, all. The international business press may be consumed by the gloomy global forecasts coming out of the IMF…
Annual inflation rebounds to 13.6% in March
Well, friends, we’ve made it through another week together — one of the most intense the markets have ever seen.…
Gov’t to issue bookkeeping scheme to account for FX price difference prior to the EGP float
The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%
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