egyptian pound – DIGIT INFO

Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

DIGIT — Fri, 27 Oct 2023 05:01:17 +0000

The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.

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Ghanaian Cedi Second Worst-Performing Asset Among Sub-Saharan Africa’s Top 15 Currencies

DIGIT — Wed, 25 Jan 2023 00:19:48 +0000

In just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the second worst-performing among Sub-Saharan Africa’s top 15 currencies. While one U.S. dollar bought 13.10 units of the cedi on the parallel market, according to the latest Bank of Ghana data, one greenback buys around 10.36 […]

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Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

DIGIT — Mon, 16 Jan 2023 06:30:04 +0000

The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have […]

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Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

DIGIT — Fri, 28 Oct 2022 21:30:54 +0000

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 […]

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Study: MENA Crypto Volumes Grew Fastest Between July 2021 and June 2022 — Turkey Cements Position as Region’s Largest Market

DIGIT — Sat, 08 Oct 2022 04:30:41 +0000

Of the $566 billion in cryptocurrency transaction volume for the Middle East and North Africa (MENA) region between July 2021 and June 2022, nearly 40% went to Turkey, which kept its place as the region’s biggest cryptocurrency market, according to the latest Chainalysis data. In Afghanistan, the Taliban’s takeover has seen the value of cryptocurrencies […]

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Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar

DIGIT — Thu, 06 Oct 2022 09:00:41 +0000

The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egyptian government is hoping to strike a loan deal with the International Monetary Fund (IMF) within a month or two. Egyptian Pound Still […]

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Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears

DIGIT — Mon, 30 Mar 2020 18:45:08 +0000

On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and […]

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