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US Dollar loses 10 piastres during Thursday transactions

The US dollar exchange price index slipped against the Egyptian pound in 11 banks during Thursday tradings/transactions, at rates ranging from 5 to 15 piastres, after a significant increase pushed the exchange rate to the level of EGP 18.26 at the end of Wednesday. The dollar declined by 15 piastres in the Arab Investment Bank, …

Daily News Egypt

Egyptian pound’s value drops by 98% since 1979

According to data collected from the International Monetary Fund (IMF), Bloomberg, and Beltone research, the Egyptian pound lost a lot of its value during the past four decades. Since 1979, the pound has lost approximately 98% of its value. Now, the pound can buy only 2% of what it could back in 1979, and is …

Hisham Salah

Egypt’s treasury bonds: high interest, but for what?

The government of President Abdel Fattah Al-Sisi promised to carry out a lot of economic reforms in the country, which require excessive effort and financing, as the president had mentioned many times during different speeches. The government has been asking for foreign help since Al-Sisi came to office, from Saudi Arabia, Kuwait, the United Arab …

Hisham Salah