{"id":684312,"date":"2026-03-04T00:00:00","date_gmt":"2026-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=684312"},"modified":"2026-03-04T12:43:11","modified_gmt":"2026-03-04T12:43:11","slug":"egp-steadies-following-usd-2-3-bn-imf-inflow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/04\/egp-steadies-following-usd-2-3-bn-imf-inflow\/","title":{"rendered":"EGP steadies following USD 2.3 bn IMF inflow"},"content":{"rendered":"

Good afternoon, friends.<\/strong> It\u2019s another busy day in the press, and the news cycle isn\u2019t showing any signs of slowing down. At home, we\u2019re taking a look at how the EGP is faring. <\/p>\n

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THE BIG STORY TODAY-<\/p>\n

\ud83d\udccd The EGP held steady in midday sessions following several days of steep losses after Egypt received a USD 2.3 bn disbursement from the IMF<\/strong>, covering the fifth and sixth reviews of our USD 8 bn EFF and the first review of our Resilience and Sustainability Facility, a senior official source told EnterpriseAM. The greenback was changing hands at EGP 50.14 (buy) and EGP 50.24 (sell) at the National Bank of Egypt, Banque Misr, and the CIB. <\/p>\n

While the CBE will retain the USD liquidity, the EGP equivalent of roughly USD 2 bn will be directed to the Finance Ministry to help plug the budget gap<\/strong>, with the remaining USD 297 mn earmarked for the Environment Ministry. <\/p>\n

Despite the timely buffer, officials remain cautious as \u201chot money\u201d outflows hit approximately USD 2 bn since the start of the war <\/strong>\u2014 a level one of our sources says remains \u201cwithin safe limits.\u201d The CBE is currently \u201cmaneuvering\u201d to contain market spillover as rising oil and shipping costs threaten to push exchange rates to record levels, our source noted.<\/p>\n

^^ We\u2019ll have more on this story in tomorrow\u2019s edition of EnterpriseAM.<\/strong><\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 The regional war continues to dominate headlines as threats to oil <\/strong>supply pushed oil prices up 1% this morning. <\/strong>Brent Crude rose to nearly USD 84 per barrel, and WTI Crude climbed to USD 75.1 per barrel. The price shock is rattling Asian markets, with South Korea\u2019s Kospi making headlines following a record 12.1% plunge amid a tech sell-off and growing investor fears. European stocks steadied after earlier losses, with the Stoxx 600 up 1.4% at the time of publication.<\/p>\n

^^Read more on: BBC<\/a>, Bloomberg<\/a>, CNBC<\/a>, and Reuters here<\/a> and here<\/a>.<\/p>\n

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Also in today\u2019s issue:<\/strong> We break down how you can kick off your freelancing journey, and take a look at a modern classic that remains relevant today.<\/p>\n

So, when do we eat?<\/strong> Maghrib prayers are at 5:56pm in the capital, and you\u2019ll have until 4:50am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

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