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3232Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023
https://www.digit.info/nearly-1-billion-poured-into-egypts-forex-market-local-currency-now-worlds-worst-performing-currency-in-2023/
Wed, 18 Jan 2023 22:30:53 +0000https://www.digit.info/2023/01/18/nearly-1-billion-poured-into-egypts-forex-market-local-currency-now-worlds-worst-performing-currency-in-2023/Read more]]>The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a year or less similarly is […]
]]>Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
https://www.digit.info/report-egyptian-pound-reaches-new-low-against-us-dollar-despite-flexible-exchange-rate-regime/
Mon, 16 Jan 2023 06:30:04 +0000https://www.digit.info/2023/01/16/report-egyptian-pound-reaches-new-low-against-us-dollar-despite-flexible-exchange-rate-regime/Read more]]>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 […]
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a year or less similarly is […]
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 […]