{"id":591779,"date":"2019-12-17T04:44:43","date_gmt":"2019-12-17T04:44:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/"},"modified":"2019-12-17T04:44:43","modified_gmt":"2019-12-17T04:44:43","slug":"egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/","title":{"rendered":"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier"},"content":{"rendered":"

<\/a> EGP rallies to near three-year high:<\/strong> The EGP rose to its highest level since February 2017 against the USD, breaking the EGP 16 barrier to reach EGP 15.97 yesterday, central bank data shows<\/a>. The EGP has risen 10.1% against the USD since the beginning of the year, according to Al Shorouk<\/a>.<\/p>\n

USD inflows into government debt instruments have been the key drivers of the rally<\/strong>, unnamed investment bankers tell the newspaper. Foreign holdings of Egyptian treasuries rose to USD 15.29 bn at the end of September<\/a>. According to the analysts, higher tourism revenues coupled with expat remittances are also playing a role in driving up USD inflows in Egypt. Tourism revenues rose to USD 12.5 bn in FY2018-2019, Tourism Minister Rania Al-Mashat said last month<\/a>, while Egyptian expats are expected to send home some USD 26.4 bn in remittances this year, according to World Bank data<\/a>.<\/p>\n

And speaking of FX inflows into government debt:<\/strong> Foreign investors piled into some USD 490 mn-worth of Egyptian treasuries yesterday, unnamed banking sources told MENA<\/a>. The sources attributed the strong inflows to improved investor sentiment on the back of the US and China\u2019s preliminary trade agreement last week.<\/p>\n

The EGP\u2019s appreciation is more attributable to global factors than internal conditions in Egypt<\/strong>, veteran economist Hany Tawfik told Al Kahera Alaan\u2019s Lamees El Hadidi in a phone-in last night. Tawfik noted that the EGP has not appreciated against most other foreign currencies, which indicates that we\u2019re actually seeing a depreciation of the USD rather than a true appreciation of the local currency. The economist also noted that Egypt\u2019s balance of payments recorded a deficit of some USD 100 mn, meaning there is \u201clittle justification\u201d for Egypt\u2019s currency to be strengthening<\/a>(watch, runtime: 7:21)<\/a>.<\/p>\n

EFG Hermes\u2019 Mohamed Abu Basha was of a different mind<\/strong>, telling Lamees\u2019 lesser half that, in addition to the US-China preliminary trade agreement, an influx of foreign capital into Egyptian debt instruments yesterday was an important reason for the FX rate improvement. There is also generally low demand for USD in Egypt these days, which is helping to keep the exchange rate in check, Abu Basha said on El Hekaya with Amr Adib (watch, runtime: 10:25)<\/a>.<\/a><\/p>\n

An apparent detente in the trade war between Washington and Beijing has also been a boon for emerging market stock and bond ETFs<\/strong>, which saw around USD 1.15 bn in inflows last week, an eightfold increase from the week prior, according to Bloomberg<\/a>. \u201cFlows were led by the three biggest emerging-market equities ETFs rather than country-specific funds, signaling investor optimism on the asset class,\u201d the news information service says.<\/p>\n","protected":false},"excerpt":{"rendered":"

EGP rallies to near three-year high: The EGP rose to its highest level since February 2017 against the USD, breaking the EGP 16 barrier to reach EGP 15.97 yesterday, central bank data shows. The EGP has risen 10.1% against the USD since the beginning of the year, according to Al Shorouk. USD inflows into government […]<\/p>\n","protected":false},"author":1,"featured_media":591780,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[116,380,7106,1419,115,72,2108,2396,2380,238,132,1041,117],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-china","tag-currencies","tag-debt","tag-egp","tag-emerging-markets","tag-enterpriseam","tag-etfs","tag-remittances","tag-speed-round","tag-tourism","tag-trade","tag-treasuries","tag-us","wpautop","entry"],"acf":{"mongo_id":"b4a3d9c2-a3fc-4c89-8f7c-72befbd95171","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/4\/EGP-USD-1600px.jpg","photo_position":"above","related_issue":[591774],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier\" \/>\n<meta property=\"og:description\" content=\"EGP rallies to near three-year high: The EGP rose to its highest level since February 2017 against the USD, breaking the EGP 16 barrier to reach EGP 15.97 yesterday, central bank data shows. The EGP has risen 10.1% against the USD since the beginning of the year, according to Al Shorouk. USD inflows into government […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-17T04:44:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier\",\"datePublished\":\"2019-12-17T04:44:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\"},\"wordCount\":440,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"China\",\"currencies\",\"debt\",\"EGP\",\"emerging markets\",\"EnterpriseAM\",\"ETFs\",\"remittances\",\"SPEED ROUND\",\"tourism\",\"trade\",\"treasuries\",\"US\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\",\"name\":\"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-12-17T04:44:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier","og_description":"EGP rallies to near three-year high: The EGP rose to its highest level since February 2017 against the USD, breaking the EGP 16 barrier to reach EGP 15.97 yesterday, central bank data shows. The EGP has risen 10.1% against the USD since the beginning of the year, according to Al Shorouk. USD inflows into government […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-12-17T04:44:43+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier","datePublished":"2019-12-17T04:44:43+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/"},"wordCount":440,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1","keywords":["China","currencies","debt","EGP","emerging markets","EnterpriseAM","ETFs","remittances","SPEED ROUND","tourism","trade","treasuries","US"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/","name":"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1","datePublished":"2019-12-17T04:44:43+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/egypts-pound-rallies-to-near-three-year-high-breaking-egp-16-usd-1-barrier\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt\u2019s pound rallies to near three-year high, breaking EGP 16 \/ USD 1 barrier"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":594315,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypts-pound-rallies-to-new-two-and-a-half-year-high-approaching-egp-16-usd-1-barrier\/","url_meta":{"origin":591779,"position":0},"title":"Egypt\u2019s pound rallies to new two-and-a-half year high, approaching EGP 16 \/ USD 1 barrier","author":"enterpriseam admin","date":"27 October 2019","format":false,"excerpt":"EGP rallies to new two-and-a-half year high: The EGP rose to a new two-and-a-half year high against the greenback, hitting EGP 16.10 from EGP 16.12 on Wednesday, central bank data shows. The EGP has risen 9.9% against the USD since the beginning of the year, including a 2.4% gain in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/17.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569016,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/egp-surges-to-new-three-year-highs-against-the-greenback\/","url_meta":{"origin":591779,"position":1},"title":"EGP surges to new three-year highs against the greenback","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"CURRENCY WATCH- EGP surges to new three-year highs against the greenback: The EGP rallied yesterday to its highest value against the USD since it was floated three years ago as part of the country\u2019s IMF-backed economic reform program, Reuters reports. The greenback was changing hands at EGP 15.67 yesterday. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598426,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egp-hits-fresh-two-year-highs\/","url_meta":{"origin":591779,"position":2},"title":"EGP hits fresh two-year highs","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"EGP hits fresh two-year high, breaking the EGP 17 \/ USD 1 barrier: The EGP rose to a new two-year high against the greenback on Thursday, advancing to 16.9317 from 17.0500 on Wednesday, central bank data shows. The EGP has risen 5.7% against the USD since the beginning of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/763.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598549,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/egypt-could-lower-discounted-customs-exchange-rate-to-egp-15-on-1-june\/","url_meta":{"origin":591779,"position":3},"title":"Egypt could lower discounted customs exchange rate to EGP 15 on 1 June","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"The government could slash the discounted customs exchange rate to EGP 15 from EGP 16 from 1 June on the back of the recent strengthening of the EGP against the greenback, an anonymous official told Youm7. The EGP hit fresh two-year highs against the greenback last week, breaking the EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567194,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/egypts-currency-to-appreciate-to-15-35-usd-by-end-of-2020-societe-generale\/","url_meta":{"origin":591779,"position":4},"title":"Egypt\u2019s currency to appreciate to 15.35 \/ USD by end of 2020 -Societe Generale","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"The EGP is expected to appreciate 3.7% by the end of the year to trade at EGP 15.35 per USD, according to a forecast by Societe Generale cited by Bloomberg. The EGP has added appeal amid a narrowing current account deficit and growing tourism revenues, the news information service cited\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/608.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569280,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/what-has-been-driving-the-egp-appreciation-and-who-stands-to-gain-or-lose-from-its-rally\/","url_meta":{"origin":591779,"position":5},"title":"What has been driving the EGP appreciation \u2014 and who stands to gain or lose from its rally?","author":"enterpriseam admin","date":"19 February 2020","format":false,"excerpt":"EXCLUSIVE- What has been driving the EGP appreciation \u2014 and who stands to gain or lose from its rally? The EGP has been on tear for more than a year now, gaining almost 13% against the greenback since the beginning of 2019, when it stood at EGP 17.85 \/ USD\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=591779"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591779\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/591774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/591780"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=591779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=591779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=591779"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=591779"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=591779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}